Argentine Judge Dismisses LIBRA Criminal Case Against Milei
An Argentine federal judge dismissed the LIBRA criminal case against President Javier Milei, his sister Karina, and nine others, including U.S. businessman Hayden Davis, at the prosecutor's request. The ruling follows a separate dismissal of a New York class action suit in September.
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Criminal Case Dismissed
Argentine federal judge Marcelo Martínez de Giorgi dismissed the LIBRA criminal case against President Javier Milei and 10 other defendants at the prosecutor's request, according to reporting by La Nación. The ruling covers Milei's sister Karina and U.S. businessman Hayden Davis among the defendants. No public statement from the court has specified the grounds for dismissal or the timing of the order.
Prior Civil Action in New York
The dismissal of the Argentine criminal case follows a separate development in U.S. civil litigation. A New York investor class action related to LIBRA was dismissed in September, though the sources do not specify whether that dismissal was voluntary or on the merits.
Why It Matters
For Traders
LIBRA-related regulatory risk for holders has decreased in two major jurisdictions, though the project's operational status and token mechanics remain unclear from these filings.
For Investors
The dismissals suggest reduced near-term prosecution risk for major stakeholders, but do not clarify LIBRA's regulatory standing or viability as a financial product in either jurisdiction.
For Builders
The resolution of criminal charges removes one legal overhang, though builders should not interpret dismissal as blanket approval to operate LIBRA-like structures without fresh regulatory guidance.
This article is for information only and is not financial advice. Read the full disclaimer.
