Argentine Judge Dismisses LIBRA Case Against Milei
An Argentine federal judge has dismissed the LIBRA criminal case against President Javier Milei and 10 other defendants at the prosecutor's request.
An Argentine federal judge has dismissed the LIBRA criminal case against President Javier Milei and 10 other defendants, including his sister Karina and U.S. businessman Hayden Davis, following a formal request from the prosecutor. According to La Nación, Judge Marcelo Martínez de Giorgi issued the 60-page decision after prosecutor Eduardo Taiano sought the dismissals without any of the defendants being called for formal questioning.
The ruling addresses allegations stemming from the February launch and collapse of LIBRA, a Solana token promoted as a private project supporting Argentine businesses. Infobae reported that the judge accepted the prosecutor's reasoning that the token's promotion, price rally, and subsequent collapse were insufficient to establish criminal fraud, noting that investigators failed to identify a specific false statement causing buyers to purchase the token.
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International and Legal Context
The dismissal in Argentina follows a separate legal resolution in the United States. In September, a New York judge dismissed a related class action involving Davis and other defendants, after having previously ordered wallets frozen and later released following compliance with restrictions.
Argentine investigators had previously pursued financial records, including requests to identify holders of cryptocurrency wallets and freeze assets. However, investigative efforts faced hurdles, with certain technical traces and platform responses remaining incomplete, according to reports from Chequeado.
Key facts
- Judge Marcelo Martínez de Giorgi dismissed the LIBRA criminal case on Oct. 23 at the request of prosecutor Eduardo Taiano.
- The ruling clears President Javier Milei, Karina Milei, Hayden Davis, and eight others without formal questioning.
- The New York class action involving related parties was dismissed by a U.S. judge in September.
- Investigators could not establish criminal fraud or specific false statements causing buyers to purchase the Solana token.
Source: crypto.news
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