Argentina’s Anti-Corruption Office Clears Milei of Libra Crypto Fraud Four Months After Headlines

More than four months after the Cryptogate scandal rocked Argentine politics, President Javier Milei was formally cleared by the Anti-Corruption Office on June 5, ruling that his February promotion of the Libra token on X was made in his personal capacity, not as an official act.

The investigation concluded that Milei used no public funds, didn’t leverage official channels, and adhered to ethics laws. The token’s dramatic surge—reaching a peak valuation before plummeting and causing alleged losses of around $250 million—was deemed outside the scope of governmental influence.

Though Argentina’s ethics probe is now closed, a separate federal criminal court is still reviewing possible securities violations and market manipulation. For Milei’s administration, the June 5 clearance provides relief, but the ongoing judicial scrutiny ensures the Libra scandal remains unresolved…