Argentine court clears Milei and 10 co-defendants in LIBRA token case
An Argentine judge cleared President Javier Milei and ten other people of criminal allegations related to the LIBRA token. The 60-page ruling found that Milei's promotional post about the token did not by itself establish fraud.
An Argentine judge has dismissed criminal allegations against President Javier Milei and ten other defendants in a case tied to the LIBRA token. The ruling, spanning 60 pages, centered on whether Milei’s promotional post about the token could support fraud claims.
The decision concluded that the post alone did not establish fraud. The case thus ended, at this stage, without criminal liability for Milei or the co-defendants over the LIBRA token allegations.
The ruling may affect how Argentine investors and the wider public view official promotion of crypto assets, potentially shaping trust in public figures’ endorsements. It could also influence how regulators and courts treat promotional statements about volatile tokens, while leaving open questions about consumer protection and investor risk. Those who hold or trade crypto may be particularly attentive, as the case highlights the difficulty of proving fraud from publicity alone.