Overview
- Federal prosecutor Eduardo Taiano filed a formal opposition in mid-November to the Procuraduría de Investigaciones Administrativas (PIA) taking over and reopening the $LIBRA investigation, asking that the existing court closure and oversements remain in place.
- The underlying case was archived after Judge Marcelo Martínez de Giorgi accepted Taiano’s request and overseeded Javier Milei, his sister Karina and other suspects on October 23, 2026.
- The PIA, led by Sergio Rodríguez, asked to resume the probe on grounds that key steps remain undone, including forensic analysis of phones, international cooperation requests (including to the United States) and recovery of deleted communications that could show concealment.
- Separately, the Federal Court of Cassation (Sala II) has agreed to review whether two investors excluded as querellantes should be reinstated, a move that would let them appeal the oversements and could keep the case alive into 2027.
- The dispute pits two prosecutors inside the Public Ministry against each other and could have political fallout because the probe stems from President Javier Milei’s February 14, 2025 post about the $LIBRA token that briefly spiked its value and then collapsed, causing investor losses.