Argentine president Javier Milei did not violate any of his duties to the president when he advanced Libra Memecoin, the country’s Anti-Corruption Office said in a recent decision.
In a resolution of June 5, the anti-corruption office Says Milei was acting in a personal capacity when he endorsed the Libra (Libra) token in a Feb post.
The decision is significant as Milei’s endorsement contributed to the loss of investors a combined $ 251 million, which motivates opposition party members to call for Milei’s impeachment.
Libra reached a $ 4 billion market cap shortly after Milei’s X post but crashed around 94% Hours later, having many properties of a classic crypto pump-and-dump.
Milei expresses his private perspective, says the guardian
The Anti-Corruption Office said no public resources were used in the incident and that Milei shared his opinions on X since 2015, about eight years before he became president.
“Although the account sometimes determines public policies or decisions from his administration, it is done in an non-institutional way, which works as a platform for political and personal expression,” the anti-corrupt office said in a document sent by Spain.
“These characteristics of the personal account on Social Network X are common to any public citizen who expresses their political ideas,” the department added, while also saying that Milei is conducting his civil and political rights under the Constitution of Argentina.
Related: US Court has filed $ 57M USDC allegedly linked to Libra’s scandal
Milei has it too rejected by excessive guilt, It is said that he does not promote Libra’s memecoin but instead “spread the word” about it.
Despite the decision of the Anti-Corruption Office, a federal criminal court is still investigating Milei’s involvement in the Libra token scandal.
Task Force also found that there was no mistake
On May 19, Milei signed a command to close a task force established in Check Libra scandal.
There is no action against Milei or any other Argentine officer who is said to be tied to scandal.
However, some critics say that a legitimate investigation is not conducted sufficiently in the first place.
“It’s always been a fake. They never dared to investigate anything, and they covered each other because they were completely up to their necks here,” Itai Hagman, a economist and member of the Chamber of Deputies of Argentina, Says In a post of May 20 x.
Milei still ruined his image
Data from polling platform Zuban Córdoba in March suggested that Libra’s scandal negatively affects Milei’s image and rating of National Management Approval.
The latter of those metrics fell from 47.3% from November to 41.6% in March after 1,600 respondents were asked if Milei still had confidence after the incident.
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