Argentine Court Gives Verdict on Javier Milei and LIBRA Scandal

An Argentine federal decide has cleared President Javier Milei within the LIBRA case. The ruling discovered no criminally related deception within the meme coin’s promotion and collapse.

However, critics name the choice a cover-up, and some former plaintiffs nonetheless search a path to attraction.

What the Judge Decided within the LIBRA Case

Federal decide Marcelo Martínez de Giorgi dismissed the case in opposition to 11 individuals, together with Milei and his sister Karina. The decide additionally dismissed the case in opposition to Hayden Davis, Mauricio Novelli, and Julian Peh.

Prosecutor Eduardo Taiano had requested the choice. As a outcome, not one of the 11 ever confronted formal questioning as a suspect.

In his 60-page ruling, the decide wrote {that a} promotion, a rally, and a crash do not prove fraud alone. He added that an financial loss isn’t mechanically against the law.

He additionally famous that Milei posted from a private account, with out public assets. Investigators additionally couldn’t hyperlink a word on Novelli’s telephone describing $5 million in payments to anybody else.

Similarly, the one direct report tying Karina Milei to Davis was a July 2024 Casa Rosada entry authorization.

Was LIBRA a Scam, and What Happens Next?

Milei promoted LIBRA on X on February 14, 2025. The token’s market worth briefly topped $4.5 billion, then fell about 95% inside hours.

Meanwhile, on-chain analysts discovered that eight wallets tied to the crew cashed out $107 million. Milei later deleted his publish and said he had acted in good religion.

After the ruling, Milei mentioned justice had put issues of their place. He also blamed a political and media operation in opposition to his authorities.

However, opposition deputy Maximiliano Ferraro known as the choice a judicial cover-up. His congressional fee had present in November 2025 that Milei provided essential collaboration to the project.

Critics additionally questioned the July appointment of the decide’s spouse to a federal courtroom, which Milei signed by decree.

For now, the courtroom has archived the case. Still, excluded plaintiffs have requested the Federal Cassation Court to reinstate them, which may reopen the door to an attraction.

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