A federal judge in Argentina has dismissed a criminal investigation into President Javier Milei and his sister Karina Milei over their links to the $Libra cryptocurrency, according to court records cited by the BBC on Friday. The dismissal by federal judge Marcelo Martinez de Giorgi followed a request from prosecutors.
The case stems from February 2025, when Milei posted on X about the newly launched coin, which he said would help fund small businesses and start-ups. Its price rose after he shared a link to buy it, but within hours he deleted the post and the coin collapsed, leaving most investors with heavy losses. Opposition lawmakers moved to plan impeachment proceedings at the time. Milei denied promoting the coin, saying he had "merely shared it" and acted in good faith.
In dismissing the case, the judge said "the reported events do not fall under a legal category" and concluded that no "criminally relevant deception" had been proven, according to the BBC's account of the ruling. The report does not say what reasoning prosecutors gave for their request.
Milei's office had previously said he had no involvement in developing $Libra and that the Anti-Corruption Office would determine whether he had acted improperly. The BBC report does not say where that separate review stands. Milei had not responded publicly to the dismissal when the report was published.
This dispatch is based on a public report by BBC World. We label it reported; a report is not an independent confirmation.
Read the original report