US judge kills Milei’s LIBRA memecoin lawsuit, leaving investors stranded

Key points

• A US judge dismissed with prejudice the proposed class action over the LIBRA and M3M3 memecoins, denied further amendment and ordered the SDNY case closed.
• The court found RICO continuity inadequately pleaded, treating the alleged conduct as a roughly six-month period, and rejected adding MELANIA, ENRON and TRUST to the suit.
• Remaining state-law claims against the Kelsier defendants were dismissed for lack of personal jurisdiction, with the court not reaching those claims' merits.

AI summary of CryptoSlate’s report, written only from the publisher’s text. Read the original for full context.