Federal judge Martínez de Giorgi in Argentina issued a 60-page ruling clearing President Javier Milei and ten other people in the LIBRA token case. The court found no deception of criminal relevance. LIBRA reached a market value above 4.5 billion dollars after a post by Milei in February 2025 and then lost about 95% of its value, while about 107 million dollars was cashed out by a few wallets. Investors who lost money are asking to be reinstated as parties so that they can appeal.

What it means: The LIBRA case became an international example of the risks of memecoins promoted by well-known figures. The ruling covers only the criminal side in Argentina and does not mean investors did not lose money, nor does it close other probes such as civil suits in other countries. For Greek consumers the lesson stands: a token that jumps after a post by a politician or celebrity, with no product or clear issuer, carries very high risk, and losses usually fall on those who come in late. In the EU, MiCA sets market-abuse rules for crypto-assets, such as bans on manipulation and insider dealing, and white-paper duties for those offering tokens to the public, but memecoins issued without an identifiable issuer remain in a grey zone. The Hellenic Capital Market Commission has repeatedly issued warnings about such products. For companies advertising or promoting crypto-assets in Greece, MiCA's rules on marketing communications apply and must be followed. The appeal will show whether Argentine courts look at the case again.

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