An Argentinian federal judge has closed a legal investigation into President Javier Milei regarding his past promotion of a cryptocurrency project. The inquiry was launched to determine whether the president’s involvement in the venture amounted to participation in a fraudulent financial scheme. After reviewing the evidence, the presiding judge ruled that the activities in question did not meet the legal threshold for fraud.

President Milei had faced scrutiny over his public endorsements of the crypto project, which critics argued could have misled investors. However, the court found no evidence of criminal intent or a coordinated effort to defraud the public. This decision effectively clears the president of the allegations that had been circulating in local media and political circles. The ruling is expected to end the legal uncertainty surrounding the president's previous business associations, though it does not necessarily address broader concerns regarding the regulation of cryptocurrency in Argentina. The case highlights the ongoing tension between political figures endorsing emerging financial technologies and the legal protections afforded to investors in the country's volatile economic climate.