Argentinian Anti-Corruption Department Ruling: President Mile's Promotion of the LIBRA Token Did Not Violate Ethical Law

BlockBeats News, June 8th. According to TheBlock, Argentina's Anti-Corruption Office (OA) has determined that President Javier Milei's personal promotion of the LIBRA token does not constitute an administrative violation. After LIBRA's market value surged to $2 billion in February and then plummeted by 90%, triggering calls for Milei's impeachment from the opposition party and a multinational collective lawsuit, the ongoing investigation by the U.S. Federal Criminal Court and a collective lawsuit by investors from the U.S., UK, and Argentina are still in progress.

On January 30th, LIBRA's project member Hayden Davis met with Milei, and in early February, Milei's private X account posted content promoting LIBRA, stating that it could be used to support small and medium-sized enterprises. By May, an Argentine judge requested access to Milei and his sister's bank records, after which the original investigation team was disbanded. Yesterday, Argentina's Anti-Corruption Office finally determined that Milei's promotion this time was considered a "private act" and did not involve the use of public resources or policy influence.