Argentine Anti -Corruption Office acquits Javier Milei of the crypto promotion scandal

By Hannah Pérez

Argentina’s anti -corruption office concluded that the promotion of the Libra cryptocurrency by President Javier Milei did not constitute improper behavior or ethical violation.

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• The Argentine Anti -Corruption Office concluded that there was no misconduct in the promotion of Libra.
• President Javier Mieli is acquitted of any position for violation of ethical laws.
• The verdict occurs after the government closed an investigation into the Libra case in May.
• An investigation by a federal court and separate collective demands remain open.

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The president of Argentina, Javier Milei, did not act inappropriately when he promoted the cryptocurrency Libra in his social media accounts in February, the country’s government office ruled.

In a resolution this week, the Argetin Anti -Corruption Office (OA) said that President Milei was acting in a personal capacity when he promoted the Libra cryptocurrency, which increased dramatically and collapsed in a widely publicized event at the beginning of the year, concluding that the head of state He did not violate the country’s public ethics.

In mid -February, the Argentine president used his X account to promote the then unknown Cryptocurrency Libra, stating that he had the potential to boost the Argentine economy financing small local businesses. His support helped shoot the price of Token Towards a market limit of USD $ 4 billion before collapsing loudly.

“Liberal Argentina grows !!! This private project will be dedicated to encourage the growth of the Argentine economy, anchoring small companies and Argentine enterprises. The world wants to invest in Argentina”Milei wrote on X on February 14.

“Long live freedom hell … !!!”, Added the message that Milei subsequently eliminated after the Token crashed 90% price from its maximum price.

Milei distanced himself from the project and denied any responsibility, including having earned money or having a detailed knowledge of the initiative. The event was followed by accusations of irregularities, with critics stating that Libra was a “carpet pull” and opposition politicians calling Milei’s dismissal.

Official report clears Milei from the Libra scandal

After the scandal, the OA had opened an investigation to “determine if there was an improper conduct by some member of the national government, including the president himself,” said a statement at that time.

However, after a detailed analysis, the office has concluded that the Milei publication on social networks was personal and without federal resources, so it did not represent a violation of the federal law that governs ethics for public officials.

“In sum, this post, not connected with administrative acts, without assignment of public resources, or institutional accompaniment, must be interpreted as an act of individual or private communication that has not generated an official address of public policies of any nature“, Says the OA statement dated June 5.

Milei had repeatedly denied any poor performance on his part, arguing that when he published in X after meeting the founders of Libra it was not with the intention of persuading people to buy it, but to raise awareness about an effort to support Argentine companies that use cryptocurrencies, as details Bloomberg.

Criminal Research and Demands are still open

The conclusion of the OA occurs shortly after the government made last month the decision to close the state unit that was in charge of investigating the case of Libra. The closure of the Research Work Unit (UTI) meant the end of such research.

Shortly before, an Argentine judge had requested access to the president’s bank records, together with those of his sister, Karina Milei, who, according to reports, had some kind of commitment to the creators of Libra, including his self -proclaimed advisor, Hayden Davis.

Two of the wallets linked to Davis containing more than USD $ 57 million in USDC, were frozen by the station Circle In response to a federal court order in New York, United States.

An investigation by a Federal Criminal Court in Argentina is still ongoing, as well as a separate collective claim with plaintiffs from Argentina, the United States and the United Kingdom.

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Hannah Estefanía Pérez / Diariobitcoin

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