Milei’s promotion of cryptocurrency is not deemed improper, according to the Anti-Corruption Office. The Anti-Corruption Office has determined that President Javier Milei acted appropriately in promoting the ‘$LIBRA’ crypto token in February. According to a decision by a government anti-corruption office, Argentina President Javier Milei did not act improperly when he promoted a crypto token called ‘$LIBRA’ in February.
The National Anti-Corruption Office, functioning under a government ministry, determined that when Milei posted on X, it was done in a personal capacity and without the use of federal resources. The decision stated that he did not violate a federal law pertaining to ethics for public officials. A federal criminal court is continuing its investigation into the case.
At that moment, the $LIBRA scandal tarnished the reputation of Milei, who has garnered the admiration of Wall Street since ascending to power 18 months ago with the objective of revitalizing Argentina’s chronically troubled economy through the promotion of free markets. The misstep appeared to dissipate for Milei, whose approval ratings continue to be robust as inflation decelerates, sustaining voters’ optimism that his policies will be effective.
Milei has refuted any allegations of misconduct, asserting that his post on X following his meeting with the founders of $LIBRA was not intended to encourage purchases, but rather to highlight an initiative aimed at bolstering Argentine businesses through cryptocurrency.