In a post on X, Milei alleged that the LIBRA token ($LIBRA) dispute was being used to pressure his administration over what he described as La Nación Group’s tax obligations.
He portrayed the controversy as an effort to force his administration from office, saying some opposition factions sought to regain privileges. He put the period of reputational harm at one year, eight months and nine days, and called for accountability for what he said were false reports by paid journalists.
Milei promoted LIBRA in February 2025. The token rose briefly before falling sharply, and investigators examined possible fraud tied to its issuance and the roles of the president and his sister, Karina Milei, Argentina’s General Secretary of the Presidency.
Federal Judge Marcelo Martínez de Giorgi dismissed the criminal case on Oct. 23 against Milei, Karina and nine other defendants. The judge said investigators had not identified a specific false statement that prompted purchases. More than 40,000 buyers lost money, and the judge said the token’s rise and sharp decline, together with buyers’ losses, were insufficient on their own to establish fraud, as earlier coverage of the ruling detailed.
As of Oct. 24, 2026, the dismissal was not final. Investors’ appeals before Argentina’s Federal Criminal Cassation Court challenge their exclusion as private complainants; no decision date had been reported.
