President Javier Milei’s role in cryptocurrency launch does not translate into a fraudulent scheme, judge says.

An Argentinian federal judge has dropped a criminal investigation into President Javier Milei and his sister Karina Milei over the collapse of a cryptocurrency he promoted online.

Judge Marcelo Martinez de Giorgi issued the decision on Friday, according to court records, ending an inquiry into Milei’s role in the launch of the $Libra token, which crashed after a brief rally.

“The reported events do not constitute a criminal offence,” the judge said in a ruling. He also wrote that investor losses and the rise and fall in the currency’s price…