Crypto Case Closed: Milei and Sister Out of Legal Jeopardy

The value of a digital coin known as $Libra crashed after Argentine President Javier Milei mentioned it online in February 2025. The incident left many investors with significant financial losses. This event triggered a criminal probe into the president and his sister, Karina Milei. That investigation has now been officially closed.

Federal Judge Marcelo Martinez de Giorgi issued the dismissal following a request from prosecutors. The judge reviewed the evidence and determined that the actions taken did not fit into a specific legal category. He concluded that no criminally relevant deception had been proven in the case. This decision effectively ends the criminal phase of the inquiry into the token's rise and fall.

The dispute began when Milei posted about $Libra on X, the platform formerly known as Twitter. He stated that the coin would help fund small businesses and start-ups. He included a link to purchase the asset. The price of the token climbed sharply following this announcement. Within a few hours, the president deleted the post. The value of the coin then plunged, wiping out most of the money that new investors had put in.

The sudden drop in value led to accusations that the president orchestrated a rug pull. This term describes a scheme where promoters attract buyers and then stop trading to keep the funds. Opposition members in Congress planned impeachment proceedings based on these events. Critics online argued that the leadership used their influence to benefit from the market spike before withdrawing support.

Milei has consistently rejected these charges. In an interview with Todo Noticias, he stated that he did not promote the coin, only shared it. He claimed he acted in good faith while the token was gaining value. He explained that he deleted the post because he learned more details about the project and decided not to continue promoting it. He argued that investors entered the market voluntarily and understood the inherent risks.

The presidential office maintained that Milei had no involvement in developing $Libra. They announced that the Anti-Corruption Office would review whether the president acted improperly during the period. This internal review was part of the broader effort to address public concerns about the handling of the token. The dismissal by the federal judge aligns with the defense that the actions were not fraudulent.

The case against the president and his sister is now closed in the criminal courts. No further criminal proceedings are expected to arise from this specific incident. The judge's ruling stands as the final word on the legal definition of the events. This outcome provides a definitive conclusion to the immediate legal fallout from the February 2025 social media post.

Milei had not responded to news of the dismissal at the time of the original report. The ruling provides clarity on the legal status of the president regarding this matter. It ends the threat of a criminal trial for the $Libra episode. The focus now shifts to other political and economic issues facing the administration.