LIBRA Meme Coin Fallout and Global Legal Repercussions

[cryptohog]

The LIBRA token briefly reached a $4 billion market cap after Milei tweeted about it, before insiders cashed out over $100 million, triggering a classic rug pull. Milei deleted the tweet and later described the fallout as “a slap in the face.”

The scandal has sparked criminal and congressional investigations in Argentina, as well as a civil class action lawsuit in the US by Burwick Law on behalf of affected investors.

[Nahid10]

LIBRA’s situation shows how fast meme coins can cross into serious legal territory. Regulation always catches up once hype gets too big.

[EmTeam]

This could become a landmark case for crypto law. The mix of memes, money, and global markets is proving harder to control than anyone thought.