Argentine judge drops cryptocurrency fraud probe into Javier Milei

An Argentine judge has dismissed a criminal investigation into President Javier Milei and his sister, Karina Milei, regarding a cryptocurrency fraud case. BBC News World, the BBC, and Yahoo News Singapore reported that federal judge Marcelo Martinez de Giorgi dropped the case at the request of prosecutors. Reuters also reported that the judge cleared the Argentine leader of wrongdoing. [1][5][6][9]

The probe focused on links to $Libra, a newly launched cryptocurrency coin that President Milei mentioned in a social media post in February 2025. BBC News World reported that the token spiked in value before crashing, which caused heavy financial losses for many investors. President Milei deleted the social media post and denied promoting the coin fraudulently, stating that he had acted in good faith. [1]

The decision comes amidst broader domestic policy shifts under President Milei, who has served as the president of Argentina since 2023. The Buenos Aires Times reported that his administration recently agreed to sell its 90 percent stake in the water and sewage operator AySA to a local and Brazilian consortium for 340 million dollars, advancing his privatization agenda. However, his energy czar, Daniel Gonzalez, recently resigned, which risks slowing efforts to develop the country's shale reserves. [2][3][10]

President Milei is also strengthening international diplomatic ties ahead of his re-election campaign next year. The Buenos Aires Times reported that United States Deputy Secretary of State Christopher Landau visited Buenos Aires and praised the close alignment between the United States administration and Argentina. MercoPress reported that President Milei has also stated that Argentina will pursue its claim over the Falkland Islands through diplomatic means rather than military solutions. [2][4][8]