Javier Milei claims compensation after Libra case dismissal

Argentine President Javier Milei has obtained a dismissal in the Libra case, a token issued on the Solana blockchain whose collapse caused losses for individual investors. The court decision, handed down on October 23, 2026, comes as Milei now demands financial compensation, without specifying an amount, and reignites debate over the responsibility of public figures in promoting crypto assets. Context The Libra affair unfolds against a backdrop of growing distrust toward tokens promoted by political or media figures, a recurring phenomenon in Latin America. In Argentina, where crypto assets are gaining popularity despite a still unclear regulatory framework, judicial and financial authorities are closely monitoring projects likely to mislead savers. The LIBRA token, launched on the Solana blockchain, drew attention because of its association with Javier Milei, whose liberal and pro-crypto stances had won over part of the electorate. Before this decision, no formal charges had been made public, and the details of the allegations against the president remained vague. The memecoin market – assets often created for speculative or humorous purposes – is particularly volatile, and "rug pull" cases (the sudden abandonment of a project after funds have been raised) are frequent. Solana, the underlying blockchain, is in a period of correction, with a 4% drop over 24 hours at the time of publication, according to CryptoScore Pro data. The Facts The Argentine justice system issued a dismissal (sobreseimiento) in favor of Javier Milei on October 23, 2026, ending the proceedings in the Libra case. According to the specialized outlet CriptoNoticias, the president immediately reacted by demanding financial compensation, without specifying the amount or terms. No information has been released about the initial charges or the grounds that led to the dismissal. Several key points remain undisclosed: The number of harmed investors and the extent of the losses suffered, if they have been quantified. The market capitalization or trading volume of the LIBRA token, whose data appear neither in the source nor in the CryptoScore Pro reports. Any evidence or testimony reviewed by the court, whose written reasons have not yet been published. According to CryptoScore Pro data dated October 24, 2026, the price of SOL (Binance-Peg version) stood at $100.16, down 4.07% over 24 hours and 3.51% over seven days. Its market capitalization reached $110.20 million, with a daily trading volume of $1.09 million. The project's quality score, rated 74.9 out of 100, reflects an average rating, while the total value locked (TVL) in Solana protocols amounted to only $219, an abnormally low figure suggesting a possible reporting error or extremely low liquidity. Understanding Key Concepts Non-lieu (sobreseimiento) A non-lieu is a judicial decision by which a court ends criminal proceedings without ruling on the merits of the case. Unlike an acquittal, which exonerates the defendant after a full examination of the evidence, a non-lieu occurs when judges consider the incriminating evidence insufficient to justify a trial. In the case of Javier Milei, this means that the justice system did not find sufficient grounds to prosecute him, without however ruling on the legitimacy of the practices surrounding the Libra token. Memecoin and "rug pull" A memecoin is a crypto-asset often created for speculative, humorous, or community purposes, without any underlying technical or economic utility. Its success generally relies on fashion effects or the support of influential figures. A "rug pull" refers to a scam in which the developers or promoters of a project suddenly abandon it after attracting investors, selling their own tokens to pocket the funds before disappearing. This phenomenon is particularly widespread in the memecoin ecosystem, where regulation is weak and transparency limited. Total Value Locked (TVL) Total Value Locked (TVL) measures the sum of assets deposited in the protocols of a blockchain, particularly in decentralized finance (DeFi) applications. It reflects user confidence and available liquidity. For example, a high TVL on Ethereum indicates that many investors lock their funds there for loans, exchanges or other services. In the case of Solana, the TVL of $219 reported by CryptoScore Pro seems aberrant, suggesting either a measurement error or an almost complete absence of activity on the protocols concerned. CryptoScore Pro CryptoScore Pro is an evaluation tool that assigns a quality score to crypto-asset projects, on a scale from 0 to 100. This score takes into account criteria such as transparency, security, adoption or governance. A score of 74.9 for Solana, as indicated in the data of October 24, 2026, places the project in an average range, neither exceptional nor concerning. These assessments help investors compare assets, but they do not constitute a buy or sell recommendation. Analysis: what is at stake The case sits at the intersection of two distinct mechanisms: that of memecoin-type tokens, whose value rests mainly on the attention and confidence of buyers, and that of the public accountability of individuals who promote them. For a token of this type, price dynamics depend almost entirely on the balance between speculative demand and sales by early holders. When the latter liquidate their positions after a peak, supply quickly exceeds demand, which can cause a sudden crash, a phenomenon often referred to as a "rug pull". Losses are then concentrated on the latest buyers, who enter the market at high prices. For the asset itself, the court ruling does not directly change these liquidity mechanisms. According to the available information, the dismissal pronounced on October 23, 2026 does not settle the substance of the commercial practices, and the source provides no market capitalization or volume figures for LIBRA. The expected effect on investors is therefore more reputational than financial: a court…