Argentina drops probe into President Milei and sister over meme coin scandal


Argentina's President Javier Milei and his sister, Karina Milei, General Secretary of the Presidency of Argentina, attend a meeting with Israel's President Isaac Herzog in Jerusalem April 20, 2026. REUTERS/Amir Cohen/File Photo

BUENOS AIRES, ⁠Oct 23 (Reuters) - A criminal investigation ⁠into the role of Argentine President ‌JavierMilei and his sister Karina Milei in a meme coin scandal was dropped on Friday, ​according to court records.

Federal ⁠judge Marcelo Martinez ⁠de Giorgi gave the order after prosecutorEduardo ⁠Taianoasked ‌for the dismissal, according to local outlet La Nacion.

A ⁠judge was assigned in February 2025 to ​investigate ‌Milei's role in promoting acryptocurrency that ⁠crashed. Milei ​had recommended the little-knowncrypto coin $LIBRA in a posting on X, kicking off ⁠a brief rally. He later ​deleted the posting and denied having any link to the cryptocurrency, which soon ⁠plunged.

The investigation had looked into possible fraud involved in the coin's launch.

At the time of the currency'scrash,Milei said ​he had acted "in good ⁠faith" and accused his political rivals of ​trying to take ‌advantage of the situation.

(Reporting ​by Leila Miller, Editing by Daina Beth Solomon and Iñigo Alexander)

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