Argentina’s anti-corruption office found that President Javier Milei did not commit any wrongdoing in relation to his promotion of the Libra cryptocurrency token. This concludes the government’s internal investigation.
Decision of Anti-Corruption Office
The anti-corruption office reported that Javier Milei did not break any laws when he posted about Libra on X in February. They noted that the post was made in a personal capacity, did not use federal resources, and did not violate ethical standards. This decision officially ends the government’s internal investigation, although a federal court case remains open.
Closure of Investigation Unit
Following the scandal, the Argentine government quickly formed a special task force, known as the UTI, to investigate the situation surrounding the Libra token. This unit was given the power to request documents and respond to court orders. However, three months after its creation, the UTI was dismantled. There was no explanation provided in the formal decree, and the unit did not release any findings before its closure.
Reactions to the Scandal
The controversies prompted accusations against the government regarding possible misconduct. Argentine lawmakers established a special committee to further investigate the case in Congress. However, neither the Justice Minister nor the Economy Minister appeared at the meeting, drawing criticism from opposition politicians and investors who believe the government is avoiding accountability.
The situation surrounding the Libra token has left many Argentines facing losses and raised questions about the transparency and ethics of government actions. Despite the closure of the investigation, the issue of who profited from the token’s collapse remains unresolved.
