A federal judge has dismissed allegations that President Javier Milei’s involvement in a recent cryptocurrency initiative constitutes fraud, ruling that the project does not meet the legal definition of a scam. The decision follows legal challenges questioning whether the digital asset’s creation and promotion violated securities laws or deceived investors. Legal experts note the ruling hinges on whether the cryptocurrency was marketed as an investment opportunity rather than a straightforward financial product. Critics had argued the project lacked transparency, but the judge emphasized that regulatory oversight and public disclosures distinguished it from fraudulent schemes.
President Javier Milei’s role in cryptocurrency launch does not translate into a fraudulent scheme, judge says.
