Argentina's anti-corruption office rules that President Milei did not violate ethical standards in the Libra cryptocurrency propaganda incident

According to Golden Finance, the Argentine Anti Corruption Office (OA) has ruled that President Javier Milei did not violate public ethics regulations when promoting the Libra (Libra) cryptocurrency. The investigation concludes that Milei's promotional posts posted from personal accounts do not constitute official government actions or endorsements. In February of this year, Milei promoted the Libra cryptocurrency on her personal X account, claiming that it could support small businesses and startups in Argentina. However, when the token plummeted 90% from its peak market value of $2 billion, Milei deleted this post. This event is referred to as the 'Cryptogate' by local media. Although the administrative investigation has ended, the relevant 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 in USDC funds from two wallets of Libra founder Hayden Davis.