Argentina's Anti-Corruption Office Rules President Milei Did Not Violate Ethics in Libra Cryptocurrency Promotion Incident
According to a report by Jinse Finance, the Argentine Anti-Corruption Office (OA) has ruled that President Javier Milei did not violate public ethics regulations when promoting the Libra ($LIBRA) cryptocurrency. The investigation concluded that promotional posts made from Milei's personal account do not constitute official government actions or endorsements. In February this year, Milei promoted the Libra cryptocurrency on his personal X account, claiming it could support small businesses and startups in Argentina. However, after the token's market value plummeted 90% from a peak of $2 billion, Milei deleted the post. This incident has been dubbed "Cryptogate" by local media. Although the administrative investigation has concluded, related investigations by the federal criminal court are still ongoing, and class-action lawsuits from Argentina, the United States, and the United Kingdom are also underway. Additionally, Circle has recently frozen $57.6 million USDC funds in two wallets belonging to Libra founder Hayden Davis.
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