Argentina’s Javier Milei Cleared Of Wrongdoing In Libra Scandal

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Milei Was Simply Expressing His Personal Views When He Talked about Libra Milei Shuts Down Process Pressure, However Critics Argue No Correct Investigation Took Place Associated Articles:

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Argentina’s Anti-Corruption Workplace has cleared President Javier Milei within the Libra meme coin scandal and stated he didn’t breach any of his presidential duties when he promoted the token.

The nation’s anti-corruption watchdog stated in a June 5 decision that President Milei was performing in his private capability when he promoted Libra in February.

Milei Was Simply Expressing His Personal Views When He Talked about Libra

The Libra meme coin confirmed all the traditional traits of a crypto pump-and-dump scheme after it soared to a market cap of $4 billion following President Milei’s point out on X. Simply hours thereafter, it plummeted and erased 94% of its worth.

CoinMarketCap information exhibits LIBRA is down over 96% from its launch value to commerce at $0.02915 as of 1:35 a.m. EST.

Argentina’s opposition get together subsequently referred to as for Milei’s impeachment, with allegations that he contributed to buyers shedding a mixed $251 million after they purchased into the token on account of his endorsement.

Nonetheless, the Anti-Corruption Workplace stated that none of Argentina’s public assets have been used to advertise Libra, including that Milei was simply sharing his non-public views on X, which he has completed since 2015.

Milei Shuts Down Process Pressure, However Critics Argue No Correct Investigation Took Place

In Might, Milei shut down a job pressure that was established to analyze the Libra incident with a presidential decree.

Regardless of being cleared by the Anti-Corruption Workplace, a federal legal court docket remains to be investigating his involvement within the Libra meme coin scandal.

There are additionally nonetheless some critics who argue that no official investigation into the scandal and Milei’s involvement ever passed off.

“It was all the time a faux, they by no means dared to analyze something in any respect, they usually’re masking one another up as a result of they’re utterly as much as their necks in it,” stated a member of the Chamber of Deputies of Argentina in a Might 20 X put up.

Ahora por decreto disolvieron la Unidad de Tareas de Investigación dedicada al escándalo de Libra. Otro principio de revelación más: siempre fue un faux, nunca se animaron a investigar absolutamente nada, y se cubren entre ellos porque están completamente hasta las manos. pic.twitter.com/yQONDdZUgJ
— Itai Hagman (@ItaiHagman) Might 20, 2025