Argentinian President Javier Milei has been cleared of violating public ethics rules in an investigation regarding his promotion of the cryptocurrency Libra.
The country’s Anti-Corruption Office (OA) found that Milei was acting in a personal capacity and that his actions did not involve official government activity.
The controversy, known as “Cryptogate,” began when Milei promoted the Libra token on his personal social media account.
Following this promotion, the cryptocurrency’s value fell by 90%, resulting in financial losses for investors. This prompted public criticism, legal actions, and calls for impeachment from political opponents.
The OA report indicated that Milei’s post was not associated with government resources or public policy, categorizing it as private communication.
The president had requested the investigation to assess any potential misconduct by himself or members of his government.
While the administrative probe has concluded, a federal criminal court is still investigating the matter.
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