Argentine Court Acquits President Milei in Libra Meme Coin Case
An Argentine court has dismissed charges against President Javier Milei and 10 others related to the Libra meme coin launch.
An Argentine court has dismissed charges against President Javier Milei and 10 others related to the Libra meme coin launch. This is an original Token Times brief synthesising 2 outlets (Bitcoin.com, Unchained), plus live market data, as of Sat, 24 Oct 2026 04:45:01 UTC.
The ruling confirms that the Libra meme coin's financial losses were not deemed substantial enough to constitute a scam, potentially setting a legal precedent for similar cryptocurrency cases in Argentina.
- Argentine court clears President Milei and 10 others of Libra meme coin charges.
- Judge ruled losses from Libra launch insufficient to constitute a scam.
- Decision could influence future crypto-related legal cases in Argentina.
Both Bitcoin.com and Unchained report that Judge Marcelo Martínez de Giorgi, siding with prosecutor Eduardo Taiano, dismissed charges against President Javier Milei, his sister Karina, and nine other defendants, including Kelsier's Hayden Davis. The outlets agree that the court found the financial losses from the Libra meme coin launch were not substantial enough to constitute a scam. However, Unchained specifies that the ruling is not yet final, while Bitcoin.com does not mention this detail.
In a significant legal development, an Argentine court has dismissed all charges against President Javier Milei, his sister Karina, and nine other defendants in a case involving the Libra meme coin. The ruling, issued on Friday afternoon, was based on the court's finding that the financial losses associated with the coin's launch were not substantial enough to constitute a scam.
The investigation involved 11 individuals, including Kelsier's Hayden Davis, who were all acquitted by Judge Marcelo Martínez de Giorgi. The decision was made with the support of prosecutor Eduardo Taiano, according to multiple outlets.
Bitcoin.com and Unchained both corroborate the core details of the ruling, including the acquittal of all defendants and the court's reasoning regarding the insufficient losses to constitute a scam. However, Unchained notes that the ruling is not yet final, suggesting there could be further legal proceedings.
The case has attracted attention due to the involvement of high-profile figures and the growing scrutiny of cryptocurrency-related activities in Argentina. The outcome could have implications for how similar cases are handled in the future, particularly in terms of defining what constitutes a scam in the context of meme coins and other speculative crypto assets.
In the broader market context, the total cryptocurrency market cap stands at $2.78 trillion, with Bitcoin experiencing a 24-hour decline of 1.01%. The overall market sentiment, as measured by the Fear & Greed Index, remains neutral at 51.
Argentine Court Acquits President Milei in Libra Meme Coin C — questions & answers
What was the court's reasoning for dismissing the charges?
The court found that the financial losses from the Libra meme coin launch were not substantial enough to constitute a scam.
Who were the key figures involved in the case?
President Javier Milei, his sister Karina, and Kelsier's Hayden Davis were among the 11 defendants cleared of charges.
What is the significance of the ruling?
The ruling could set a legal precedent for how cryptocurrency-related cases are handled in Argentina.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Bitcoin.com, Unchained, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.