Argentine court closes probe into Milei and his sister over LIBRA token
A criminal case over the role of Javier and Karina Milei in the LIBRA meme coin affair has been closed, Reuters reports, citing court records.
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what happened
Reuters reports that federal judge Marcelo Martinez de Giorgi ordered an end to the criminal case examining the Milei family's part in the LIBRA token scandal. The ruling followed a request from prosecutor Eduardo Taiano, according to court documents also covered by the local newspaper La Nacion.
The inquiry, opened in February 2025, focused on possible fraud tied to the coin's launch. President Milei had promoted the little-known token in a post on X, which briefly lifted its price before the coin collapsed. He later removed the post and denied any connection to the cryptocurrency. When the token crashed, Milei said he had acted "in good faith" and accused political rivals of trying to profit from the episode.
why it matters
For markets, the decision removes a legal overhang around the LIBRA collapse, but it does not answer questions about how the token was launched. Investors typically read such cases as a signal of regulatory and reputational risk, so the closure may ease some of the tension surrounding politically linked crypto assets in Argentina.
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- Argentina drops probe into President Milei and sister over meme coin scandal — Reuters, 23 October 2026 at 19:39 UTC
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