Argentine judge dismissed fraud charges against President Milei and 10 others related to LIBRA token promotion, ruling no criminal deception occurred.
Regulation & Gov ·
An Argentine judge has dismissed fraud charges against President Javier Milei and ten others related to promotion of the LIBRA token, ruling that no criminally relevant deception had occurred. The 60-page ruling found that Milei's involvement in promoting the token did not constitute fraud under criminal law.
The case centered on whether the defendants engaged in fraudulent conduct in connection with the LIBRA token. The judge's analysis determined that the legal threshold for criminal deception was not met, leading to the dismissal of the charges against all defendants named in the action.
Some investors are reportedly pursuing an appeal of the ruling, suggesting the matter may not be fully resolved. The outcome of any appeal and the precise grounds on which investors plan to challenge the decision remain unclear at present.