Fraud Allegations Against Milei Dismissed by Argentine Judge in LIBRA Coin Case

A federal judge in Argentina has cleared President Javier Milei of fraud allegations linked to the LIBRA meme coin scandal, according to reports from CoinGape and Coinfomania. The ruling effectively ends the judicial investigation into the president's role in promoting the token. The LIBRA controversy began earlier in Milei's term, when he publicly endorsed the cryptocurrency on social media. The token's price surged briefly after his endorsement before collapsing, leaving many retail investors with steep losses. Critics accused the project of resembling a rug pull , a scheme where developers or promoters abandon a token after inflating its value.