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- Argentina’s president, Javier Milei, has been cleared of ethics violations related to selling the $LIBRA memecoin
- Argentina’s Anti‑Corruption Office has obvious that Milei acted in a interior most capability
- A separate criminal investigation into skill securities wrongdoing remains originate
Argentina’s Anti‑Corruption Office has officially cleared President Javier Milei of ethical misconduct after his February promotion of the $LIBRA memecoin, finding that he acted as a interior most economist reasonably than a public first charge. The resolution introduced on renewed debate over the affect political leaders can wield via social media, particularly in the wake of Donald Trump’s crypto enterprises. Despite the administrative exoneration, a criminal probe into whether the episode constituted market manipulation continues.
Posts Made in “Personal Ability”
The $LIBRA controversy started on February 14, when Milei promoted the coin thru his social media channels, describing it as a interior most initiative geared against boosting Argentina’s financial system by funding exiguous companies and startups. Following his endorsement, the designate of $LIBRA surged dramatically, peaking at round $4–4.5 billion in market cap sooner than the token collapsed approximately 90% within hours.
Bigger than 100 criminal complaints were filed domestically and internationally in the wake of the autumn, with Milei accused of abusing his space. Investigations printed that $LIBRA had been created ideal minutes sooner than President Milei’s announcement, raising suspicions of a coordinated unsuitable design, and a executive inquiry was as soon as called for.
Milei Now not in the Determined But
The investigation committee reported aid on June 5, with Argentina’s anti‑corruption watchdog pointing out that Milei’s post about $LIBRA on X was as soon as made in “a interior most capability” and didn’t have any misuse of enlighten resources. The distance of industrial added that Milei’s tale predates his presidency and has lengthy been frail for non‑institutional political expression, noting, “It’ll serene be interpreted as an act of particular particular person or interior most dialog.”
Despite the ethics clearance, a federal criminal investigation remains originate, specializing in possible market manipulation or securities regulations infractions. Milei had even dissolved the actual investigative job power that was as soon as probing $LIBRA earlier this spring, after it delivered findings to prosecutors, main to critics denouncing the ethics probe as a “false” investigation lacking trusty scrutiny.
