President Milei Cleared in $LIBRA Ethics Probe

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Milei cleared of ethics violations in controversial $LIBRA crypto case. $LIBRA token crashes 90% after Milei’s online promotion post. Meetings revealed between Milei and $LIBRA creator before the launch. President Javier Milei has been cleared of ethics violations related to his support for the cryptocurrency Libra ($LIBRA). Argentina’s Anti-Corruption Office (OA) released the decision after reviewing Milei’s actions. The OA claims that Milei’s post was meant just for Grzála, not as an official statement from the government. But Argentina, the United States, and Spain are still dealing with legal matters surrounding tokens. Milei Promoted $LIBRA, Token Crashes 90% Within Hours On February 14, the scandal started. The president promoted his cryptocurrency from the X account on that day. He depicted $LIBRA as helping small entrepreneurs in his country. The contract number in the post helped users purchase the token on the platform. In the beginning, the token’s price surpassed $5. Within those first hours, almost all of the market’s value was gone and fell by about 90%. Many investors lost a significant portion of their investments. After the crash, Milei quickly deleted his post. There was a lot of upset from the public soon afterwards. People from the opposition party claimed he was deceiving people. Some voters wanted to impeach him from office. As a result, Milei asked the OA to look into his activities. According to his office, the purpose of the investigation was to look into whether any government official, including the President, broke any norms. It was concluded by the OA that the post was not funded by public resources. It was not connected to any policies decided by the government. For this reason, the OA decided that it represented the patient’s views. The analysis ended by stating that Milei had not broken any ethical rules. Consequently,…