Overview
- On Friday July 3, 2026, Judge Marcelo Martínez de Giorgi accepted a defense motion by Mauricio Novelli and excluded five private querellantes from the $LIBRA file, removing their ability to seek measures, request indagatorias or directly drive the investigation.
- The judge said the five investors failed to prove they owned the Solana wallets used to buy $LIBRA, failed to show the origin of the funds, and described $LIBRA as a high‑volatility memecoin whose losses can reflect normal market risk rather than a crime.
- With private plaintiffs excluded, the probe now rests primarily with public prosecutor Eduardo Taiano, who lacks some specialized blockchain licenses and resources the fiscal office has already said it needs for technical tracing and peritajes.
- The excluded querellantes plan to appeal to the Cámara Federal, and unresolved technical forensics, international cooperation requests and parallel U.S. litigation in the SDNY mean the investigation remains active but stalled on key evidentiary steps.
- The ruling has intensified political scrutiny because the judge’s wife was recently put forward by the executive for a judicial post, an element critics say raises apparent conflict‑of‑interest concerns that are likely to surface on appeal and in public debate.