Argentine President Milei promotes LIBRA Token and is cleared by officials, while criminal investigations and multinational lawsuits are still ongoing.
The Argentine Anti-Corruption Office (OA) has ruled that President Javier Milei did not violate public morality regulations when 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 peak market value of $2 billion, Milei deleted the post. This incident was referred to as "CryptoGate" by local media.
Although the administrative investigation has concluded, the related federal criminal court investigation is still ongoing, and class action lawsuits from Argentina, the United States, and the United Kingdom are also being heard. In addition, Circle has recently frozen 57.6 million USDC funds in two wallets belonging to Libra founder Hayden Davis.
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Argentine President Milei promotes LIBRA Token and is cleared by officials, while criminal investigations and multinational lawsuits are still ongoing.
The Argentine Anti-Corruption Office (OA) has ruled that President Javier Milei did not violate public morality regulations when promoting the Libra ($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 peak market value of $2 billion, Milei deleted the post. This incident was referred to as "CryptoGate" by local media.
Although the administrative investigation has concluded, the related federal criminal court investigation is still ongoing, and class action lawsuits from Argentina, the United States, and the United Kingdom are also being heard. In addition, Circle has recently frozen 57.6 million USDC funds in two wallets belonging to Libra founder Hayden Davis.