In a development that will surprise absolutely no one who has watched a politician tweet about a meme coin, a criminal investigation into Argentine President Javier Milei and his sister Karina Milei over a cryptocurrency scandal has been dropped. Federal judge Marcelo Martinez de Giorgi dismissed the case at the request of prosecutors, according to court records, because apparently "the reported events do not fall under a legal category." That's legal speak for "we looked and couldn't find a specific law against it, so congrats, I guess."

The saga began in February 2025 when Milei posted on X (formerly Twitter) about $Libra, a newly launched cryptocoin that he claimed would help fund small businesses and start-ups. The price shot up when he shared a link to buy it. Then, within a few hours, he deleted the post and the coin nosedived, losing most investors their money. Classic rug pull, according to some online accusers - though the judge concluded no "criminally relevant deception" had been proven. Milei has denied promoting the coin, insisting "I didn't promote it, I merely shared it" in an interview with Todo Noticias. He also defended deleting the post, saying he didn't know "the details of the project and after learning about it, I decided not to continue promoting it." And in a TV interview, he noted that investors had done so "voluntarily" and knew the risks. Because nothing says "buyer beware" like a presidential tweet.

The scandal led opposition members of Congress to plan impeachment proceedings, and the presidential office announced the Anti-Corruption Office would determine if Milei had acted improperly. That determination, presumably, is still pending - or perhaps it's been filed under "not a legal category" as well. Milei is yet to respond to the case being dropped, but we can only assume he's busy drafting a tweet about how he was right all along. Or maybe he's just checking if $Libra is still trading. (Spoiler: it's not.)