A Buenos Aires federal court acquitted Argentine President Javier Milei, his sister and other defendants of charges tied to the Libra meme coin launch. The court found no conclusive evidence of a scam and ruled that Milei’s social media promotion was personal, not an abuse of state power. The token, launched in February 2025, fell sharply after his post; the source says more than 40,000 investors were affected and losses approached $110 million.
An independent trust plans to distribute more than $110 million from token sales as grants to Argentine entrepreneurs, but the source gives no further details about the distribution. A congressional commission’s final report suggested Milei should be investigated; the supplied excerpt ends before explaining why.
