Argentine judge drops criminal investigation into President Milei over LIBRA meme coin, citing insufficient fraud evidence despite $99M withdrawn by creator wallets.
Regulation & Gov ·
An Argentine federal judge has closed a criminal investigation into President Javier Milei, his sister Karina, and U.S. businessman Hayden Davis regarding the LIBRA meme coin, determining there was insufficient proof of fraudulent conduct. The judge found that Milei's public endorsement of the token in February 2025, which he later removed, did not by itself amount to a fraudulent operation even though it may have boosted the token's initial reception. Eight wallets connected to the token's creator extracted roughly $99 million in digital assets from trading activity before the token's value tanked, according to blockchain analysis.