Home » Impact of the Libra Case on Milei’s Responsibilities

Impact of the Libra Case on Milei’s Responsibilities

Court decision may alter Milei's liability in Libra case. 1

Court Decision May Affect Milei’s Responsibilities in the Libra Case

While the launch of Libra, the meme coin shared by Argentine President Javier Milei on social media, and its disastrous debut may seem like old news to some, the court cases seeking to determine responsibilities are ongoing.

A recent decision in a separate case involving a social media response to another user could change how the Argentine justice system addresses Milei’s involvement with Libra. Andrés Gil, the attorney for Ian Moche, an eight-year-old child with autism who has asked Milei to remove insulting posts about him, reported that a judge ruled that any posts made by Milei on X should be considered statements from the President rather than personal remarks.

Gil stated that federal courts should manage the case, given that “President Javier Milei used the account on X with a gray check mark reserved, according to the regulations of the social network, for Individuals of the national government: Heads of State (presidents, monarchs and prime ministers) and their deputies and spouses.”

Milei and his administration have claimed that, as the promotion of Libra was made as an individual rather than as a head of state, it would not enable any kind of political action against him. Nonetheless, this might change with this new ruling.

Gil asserted:

This is a very important precedent because it establishes that the President and any president who uses X with the gray accent is doing so in the exercise of his function and there is no doubt about this.

In May, millions of dollars linked to the Libra case were blocked, and the investigations and court cases, both in Argentina and the U.S., are still open.

Related Articles

1,200 Tech Companies Push Senate to Pass CLARITY Act Quickly as US Crypto Rules Face Global Pressure 1

Urgent Push for CLARITY Act Passage in Senate

CTA Calls for Swift Senate Action on CLARITY Act The Consumer Technology Association (CTA) urged Senate leadership to advance the

Massive Bitcoin Theft Case Draws Guilty Plea in Violent Kidnapping Plot 1

Bitcoin Theft Case: Guilty Plea Revealed

Federal Prosecutors Detail Plea in Violent Bitcoin Kidnapping Plot The U.S. Attorney’s Office for the District of Connecticut announced June

Armed intruders demand crypto access in fake food delivery home invasion case. 1

Crypto Home Invasion: Armed Intruders Demand Access

A Food Delivery Ruse Led to an Armed Search for Crypto Access Digital wealth can become a physical vulnerability when

Global Takedown Cripples Dark Web Bitcoin Service After 10,333 BTC Hit Wallets 1

Bitcoin Laundering Operation Takedown Highlights Risks

Global Operation Targets Bitcoin Laundering Service, Domains, and Crypto Assets The U.S. Attorney’s Office for the Eastern District of Pennsylvania

Millions Recovered in Crypto as $100M Fraud Scheme Falls Apart 1

Crypto Seized in $100M Fraud Scheme

Crypto Seizures Show How Fraud Proceeds Moved Through Digital Markets Millions of dollars in cryptocurrency tied to a $100 million

1,878 BTC Moves Onchain as Noah Doe's Declaratory Judgment Bid Unravels 1

Noah Doe’s Bitcoin Case: 1,878 BTC Moves Onchain

Noah Doe’s $293 Billion Claim The digital currency community has been closely tracking a case involving a pseudonymous plaintiff known