Argentina's anti-corruption office has ruled that President Milei did not violate ethics in the Libra cryptocurrency promotion incident

Argentina's 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 Milei's promotional posts from personal accounts did not constitute official government actions or endorsements.
In February this year, Milei promoted the Libra cryptocurrency on his personal X account, saying it could support small businesses and start-up companies in Argentina. However, after the token plummeted 90% from its $2 billion market value high, Milei deleted the post. The event was dubbed "Cryptogate" by local media.
While the administrative investigation is closed, related federal criminal court investigations are ongoing, and class-action lawsuits from Argentina, the United States, and the United Kingdom are pending. Additionally, Circle recently froze $57.60 million in USDC funds in two wallets of Libra founder Hayden Davis.