Argentine court drops LIBRA memecoin case against Milei
- —LIBRA's market cap briefly topped $4.5 billion before crashing about 95% within hours
- —The probe lasted over 1.5 years and covered Milei, his sister and nine others
- —An opposition-led congressional committee insists fraud did occur
- —Opposition points to Milei's promotion of the judge's wife to a federal court
Why it matters: The LIBRA case sets a precedent for politicians' liability over token promotion and could weaken crypto scam enforcement in Argentina.
Source: Bithub