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Corruption watchdog clears Javier Milei over LIBRA crypto scandal

cryptoweekly by cryptoweekly
June 9, 2025
in bitcoin, News
0

Argentina’s corruption watchdog has cleared President Javier Milei of wrongdoing over the LIBRA scandal, saying the post was made while acting in a personal capacity.

Argentine President Javier Milei didn’t breach any of his presidential duties when he promoted the Libra memecoin, the country’s Anti-Corruption Office said in a recent decision.

In a June 5 resolution, the Anti-Corruption Office said Milei was acting in a personal capacity when he endorsed the Libra (LIBRA) token in a Feb. 14 X post, and therefore, Milei did not violate Argentina’s federal ethics laws for public officials.

The decision is significant as Milei’s endorsement supposedly contributed to investors losing a combined $251 million, prompting members of the opposition party to call for Milei’s impeachment.

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  • Crypto 'control' takes center stage at Roman Storm trial
  • Asymmetric shifts funds strategy after investor posts losses on X
  • Ether emerges as winner after crypto’s ‘watershed moment’: Bitwise
  • Traditional companies enter the crypto treasury game with BTC, XRP and SOL buys
  • SOL price drop to $180 would be 'golden' entry before rally to new highs
  • Block joins S&P 500, bringing more Bitcoin exposure to equity index
  • Fate of crypto, CBDC bills unclear as US Congress heads into recess

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