Argentina Clears President Milei in Crypto Scandal Over Libra Token
The post Argentina Clears President Milei in Crypto Scandal Over Libra Token appeared on BitcoinEthereumNews.com.Crime Argentina’s Anti-Corruption Office (OA) has cleared President Javier Milei of wrongdoing in the February Libra ($LIBRA) token scandal, ruling that his public assistance for the cryptocurrency was a personal action, not a misuse of public workplace. The OA concluded that Milei’s now-deleted promo of LIBRA on his individual X account did not include public resources, institutional assistance, or any link to government action. “This must be interpreted as an act of personal or private communication,” the OA specified, distancing the post from any formal public law. From Market Boom to Collapse: The Rise and Fall of $LIBRA Milei endorsed the Libra cryptocurrency in early 2025 as a tool to empower small companies and start-ups in Argentina. The post assisted send out LIBRA’s market cap skyrocketing to over $2 billion– only to see the token crash 90% shortly after, erasing millions in investor capital. The fallout, called “Cryptogate” by Argentine media, set off extensive backlash. Opposition leaders required Milei’s impeachment, while attorneys filed claims on behalf of people who suffered heavy monetary losses. President Requested Ethics Probe to Set Record Straight Milei proactively called for the OA to examine his actions, asking for an evaluation into whether he or any federal government official breached ethical conduct requirements. The move was viewed as an effort to take control of the story and verify that the LIBRA post was made in an individual capacity, not as an endorsement tied to government policy. “Identify whether there was inappropriate conduct on the part of any member of the National Federal government, including the President himself,” his office said at the time. Conclusion: Case Closed, However Controversy Lingers Although the OA cleared Milei, public trust stays divided. Critics argue that even private recommendations from sitting presidents bring weight– and effect– specifically when financial instruments are included. Still, with no principles breach found …
