PANews June 8 news, according to The Block report, Argentina's Anti-Corruption Office (OA) stated that the country's president Javier Milei was acting in a personal capacity when promoting the Libra cryptocurrency ($LIBRA) and did not violate the country's public moral regulations. The investigation report pointed out: 'The promotional posts are unrelated to administrative actions, did not allocate public resources, and did not receive institutional support, and should be interpreted as personal or private communication behavior, and did not generate any form of official public policy direction.'
Javier Milei initially promoted the Libra cryptocurrency on his personal X account to support small businesses and startups in Argentina. However, after the token's market value plummeted 90% from its peak of over $2 billion, he deleted the post. The ensuing scandal was referred to by local media as 'Crypto Gate', leading opposition politicians to call for the impeachment of Javier Milei and resulting in lawsuits filed by lawyers representing loss-making investors in the country. Javier Milei requested the Argentine Audit Office (OA) to investigate to 'determine whether any members of the national government, including the president himself, engaged in misconduct.'
