Argentinian judge drops fraud investigation into Milei over crypto scandal

President Javier Milei’s role in cryptocurrency launch does not translate into a fraudulent scheme, judge says.

Argentinian President Javier Milei, wearing a medical plaster on his neck, talks to media after taking part in an economic forum in Madrid on October 21, 2026 [AFP]

An Argentinian federal judge has dropped a criminal investigation into President Javier Milei and his sister Karina Milei over the collapse of a cryptocurrency he promoted online.

Judge Marcelo Martinez de Giorgi issued the decision on Friday, according to court records, ending an inquiry into Milei’s role in the launch of the $Libra token, which crashed after a brief rally.

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“The reported events do not constitute a criminal offence,” the judge said in a ruling. He also wrote that investor losses and the rise and fall in the currency’s price were insufficient to establish fraud.

In his ruling, Martinez de Giorgi said that Milei’s institutional standing could have given the launch “greater impact” when he posted about it, but that does not translate into a fraudulent scheme.

Javier Milei recommended the little-known meme coin in a post on X in February 2025. He later deleted the post and denied any link to the cryptocurrency, whose value soon plunged.

The judge also dismissed an investigation into US businessman Hayden Davis, who described himself as a “launch adviser” for the token. Davis has acknowledged that he held close to $100m after the crash and denies any wrongdoing.

“For the first time in history, a President of the Nation was investigated with complete freedom, resulting in absolute proof of his innocence,” read a post shared on X by the official presidential office.

“The question that remains is this: Who will take responsibility for having wasted Argentine taxpayers’ money and the President of the Nation’s time in a failed attempt at an institutional coup?”

Milei’s friendship with Trump

Milei is one of US President Donald Trump’s closest allies. Trump firmly backed him a year ago and has called him his “favourite president”.

Trump made clear the support hinged on a victory for Milei’s party.

“I’m with this man because his philosophy is correct,” he said ahead of a White House lunch with the Argentinian leader last year. “If he wins, we’re staying with him. And if he doesn’t win, we’re gone.”

Earlier this month, Milei urged Trump to emerge stronger from the US midterm elections, saying the vote mattered for the West as a whole.

Since taking office in 2023, Milei has laid off thousands of state employees , shut ministries, cut subsidies and reduced government-funded programmes. The measures were meant to fight high inflation, which has fallen to about 2 percent a month.

Milei says his plan is working, claiming that Argentina has grown for 27 consecutive months and is expanding at four times its historical rate.

When the coin crashed, Milei said he had acted “in good faith” and accused his political rivals of trying to exploit the situation.

法官表示，总统哈维尔·米莱在加密货币发行中的角色并不等同于欺诈计划。

2026年10月21日，阿根廷总统哈维尔·米莱在马德里参加完一个经济论坛后接受媒体采访，他的脖子上贴着医用创可贴。[法新社]

阿根廷联邦法官撤销了对总统哈维尔·米莱及其妹妹卡琳娜·米莱的刑事调查，该调查涉及哈维尔·米莱在网上推广的一种加密货币的崩溃。

根据法庭记录，法官马塞洛·马丁内斯·德·乔治于周五作出裁决，结束了对 Milei 在 $Libra 代币发行中所扮演角色的调查。该代币在短暂上涨后暴跌。

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法官在裁决中表示：“所报告的事件不构成刑事犯罪。”他还写道，投资者的损失以及货币价格的涨跌不足以认定存在欺诈行为。

马丁内斯·德·乔治在裁决中表示，米莱的机构地位可能会使此次发布产生“更大的影响”，但这并不意味着存在欺诈行为。

2025 年 2 月，Javier Milei 在 X 论坛上发帖推荐了这种鲜为人知的模因币。后来他删除了该帖子，并否认与这种加密货币有任何关联，而这种加密货币的价值很快就暴跌了。

法官还驳回了对美国商人海登·戴维斯的调查，戴维斯自称是该代币的“发行顾问”。戴维斯承认在代币崩盘后他持有近1亿美元的资金，并否认有任何不当行为。

“历史上第一次，一位国家总统在完全自由的情况下接受调查，结果完全证明了他的清白，”总统办公室在X上发布的一篇帖子写道。

“现在的问题是：谁来为浪费阿根廷纳税人的钱和国家总统的时间，导致政变失败而承担责任？”

米莱与特朗普的友谊

米莱是美国总统唐纳德·特朗普最亲密的盟友之一。一年前，特朗普坚定地支持他，并称他为自己“最喜欢的总统”。

特朗普明确表示，能否获得支持取决于米莱所在的政党能否获胜。

“我支持这个人，因为他的理念是正确的，”他在去年与阿根廷领导人共进白宫午餐前说道。“如果他赢了，我们就继续支持他。如果他输了，我们就离开。”

本月初，米莱敦促特朗普在美国中期选举中表现得更加强大，称这次选举对整个西方都至关重要。

自2023年上任以来，米莱已裁减了数千名公务员，关闭了多个部委，削减了补贴，并缩减了政府资助的项目。这些措施旨在抑制高通胀，目前通胀率已降至每月约2%。

米莱表示他的计划正在奏效，并声称阿根廷已经连续 27 个月实现增长，其增长速度是历史速度的四倍。

硬币崩盘后，米雷表示他的行为是“出于善意”，并指责他的政治对手试图利用这种情况。