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Argentina drops criminal case against President Milei over $LIBRA memecoin losses

Market News
23 Oct 2026
Crypto Briefing
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Argentina drops criminal case against President Milei over $LIBRA memecoin losses

Argentina's Federal Judge Marcelo Martínez de Giorgi dismissed the criminal investigation into President Javier Milei and others regarding the $LIBRA memecoin collapse, which caused $251 million in investor losses. The judge ruled there was no proof of deception or fraud, noting the token's volatility was typical for memecoins and Milei's promotion was a personal act, not an official endorsement. This decision aligns with previous findings by Argentina's anti-corruption office and the US Department of Justice, effectively closing the case unless appealed. The ruling highlights that heavy losses alone don't prove criminal liability in speculative crypto promotions.

Argentina's President Javier Milei and the $LIBRA memecoin investigation provide context for crypto market activity. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Oct 24, 2026 04:02 WIB: out of 50 major cryptocurrencies, 39 rose and 10 fell. Yearn (YFI) gained 2.84% with a price of Rp39,776,295 and a typical hold time of 94 days, contrasting with The Sandbox (SAND) which fell 3.34% to Rp934 and had a longer hold time of 124 days. VeChain (VET) rose 2.47% to Rp129 but saw a high sell order activity of 88%.

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