In brief
A federal judge ruled that evidence linking Argentine President Javier Milei and his sister to the failed $Libra cryptocurrency scam does not constitute a crime, ending the criminal investigation. Milei had previously denied that he promoted the coin, arguing that it was a short‑lived promotion. The case was dropped at prosecutors’ request after the judge found no credible deception. The incident sparked calls for impeachment from opposition lawmakers and fueled online claims of a “rug pull.” Following the ruling, the Anti‑Corruption Office will decide whether the president’s conduct warranted disciplinary action.
A federal judge in Argentina has ended a criminal investigation into President Javier Milei and his sister following claims that the pair were involved in a failed cryptocurrency scheme. The investigation, which had focused on the $Libra coin, was dismissed after prosecutors asked for its closure and the judge found that the alleged conduct did not meet the legal definition of criminal deception.
Milei, who fled from a tweet about promoting the digital token, said the post was shared in good faith and that he deleted it once he learned of the coin’s instability. He maintains that investors bought the cryptocurrency voluntarily and were aware of its risks. The president’s office emphasised that he was not part of the $Libra development team and that an anti-corruption review would determine any impropriety.
The abrupt collapse of $Libra after Milei’s brief promotion triggered accusations of a “rug pull” from critics. Opposition members in the legislature pressed for impeachment proceedings, citing the rapid loss of investor funds. New reports indicate that the Anti‑Corruption Office will now assess whether the president’s actions warrant further scrutiny.
Images of Milei speaking at the podium were covered by the BBC in relation to the scandal.
