The Argentine Anti-Corruption Office (OA) has ruled that President Javier Milei did not violate public ethics regulations while promoting the Libra ($LIBRA) crypto assets. The investigation concluded that the promotional posts issued from Milei's personal account do not constitute official government action or endorsement.
In February of this year, Milei promoted the Libra Crypto Assets on his personal X account, claiming that it could support small businesses and startups in Argentina. However, after the token plummeted 90% from its $2 billion market cap high, Milei deleted the post. This incident was referred to by local media as "CryptoGate."
Although the administrative investigation has concluded, the related federal criminal court investigation is still ongoing, and collective lawsuits from Argentina, the United States, and the United Kingdom are also under review. In addition, Circle has recently frozen $57.6 million in USDC funds in two wallets belonging to Libra founder Hayden Davis.
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TommyTeacher
· 06-08 05:45
The official deception is the hardest to deal with.
Argentina's President Milei promotes LIBRA coin and is ruled not to have violated any regulations; related criminal investigations are still ongoing.
The Argentine Anti-Corruption Office (OA) has ruled that President Javier Milei did not violate public ethics regulations while promoting the Libra ($LIBRA) crypto assets. The investigation concluded that the promotional posts issued from Milei's personal account do not constitute official government action or endorsement.
In February of this year, Milei promoted the Libra Crypto Assets on his personal X account, claiming that it could support small businesses and startups in Argentina. However, after the token plummeted 90% from its $2 billion market cap high, Milei deleted the post. This incident was referred to by local media as "CryptoGate."
Although the administrative investigation has concluded, the related federal criminal court investigation is still ongoing, and collective lawsuits from Argentina, the United States, and the United Kingdom are also under review. In addition, Circle has recently frozen $57.6 million in USDC funds in two wallets belonging to Libra founder Hayden Davis.