Argentine Court Acquits President Milei in Libra Meme Coin Case
A Buenos Aires court has dismissed all charges against President Javier Milei and others related to the Libra meme coin launch.
A Buenos Aires court has dismissed all charges against President Javier Milei and others related to the Libra meme coin launch. This is an original TLT brief synthesising 2 outlets (Bitcoin.com, Unchained), plus live market data, as of Sat, 24 Oct 2026 05:00:04 UTC.
The ruling reinforces the legal precedent that cryptocurrency losses alone do not constitute fraud, which could impact future crypto-related prosecutions in Argentina.
- President Milei and 10 others acquitted of fraud charges in Libra meme coin case.
- Court found losses from Libra launch insufficient to prove criminal wrongdoing.
- Decision could set precedent for future crypto-related legal cases in Argentina.
Both Bitcoin.com and Unchained report that Judge Marcelo Martínez de Giorgi dismissed charges against President Milei, his sister Karina, and nine other defendants, including Kelsier's Hayden Davis. The outlets agree that the court sided with prosecutor Eduardo Taiano's position that the 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 for the cryptocurrency industry in Argentina, a Buenos Aires court has acquitted President Javier Milei and 10 other defendants of all charges related to the launch of the Libra meme coin. The decision was announced on Friday afternoon by Judge Marcelo Martínez de Giorgi, who found that the financial losses associated with the project were not sufficient to constitute a scam.
The case involved allegations of fraudulent activities surrounding the launch of the Libra meme coin, which resulted in financial losses for some investors. However, the court ruled that these losses did not meet the threshold for criminal wrongdoing. Prosecutor Eduardo Taiano had argued that the evidence did not support the charges of fraud, a position that the court ultimately upheld.
The acquittal of President Milei and the other defendants, including Kelsier's Hayden Davis, marks a significant moment for the cryptocurrency sector in Argentina. The decision could set a legal precedent that may influence future cases involving cryptocurrencies and financial losses. The ruling suggests that courts may be more inclined to require substantial evidence of intentional deception rather than merely attributing losses to market volatility or mismanagement.
The case has been closely watched in Argentina and beyond, as it represents one of the first major legal challenges involving a sitting head of state and cryptocurrency. The court's decision to dismiss the charges could bolster confidence in the legal framework surrounding cryptocurrencies in the country, although it is important to note that the ruling is not yet final, as reported by Unchained.
In the broader market context, the total cryptocurrency market cap stands at $2.78 trillion, with 
Bitcoin experiencing a 1.01% decline over the past 24 hours. The overall market sentiment, as indicated by the Fear & Greed Index, remains neutral at 51. This legal development may contribute to a more stable regulatory environment for cryptocurrencies in Argentina, potentially attracting more investors and developers to the region.
Argentine Court Acquits President Milei in Libra Meme Coin C — questions & answers
What was the court's decision regarding the Libra meme coin case?
The court acquitted President Milei and 10 others of all charges, ruling that the losses were insufficient to prove fraud.
Who were the key figures involved in the case?
President Javier Milei, his sister Karina, and Kelsier's Hayden Davis were among the 11 people investigated.
What is the significance of the court's decision?
The decision could set a legal precedent for future crypto-related cases in Argentina, emphasizing the need for substantial evidence of fraud.
Which outlets reported this story?
This is an original TLT 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 TLT 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.