President Argentina Javier Milei was released by the National Anti -Corruption Bureau regarding his commitment to the controversial Libra Memecoin scandal, which caused significant financial losses for investors.
The announcement, issued by local media, indicates that the office did not recognize any legal violations in the promotion of cryptocurrency by Milei at the beginning of this year.
No legal violation was found
IN resolution The anti -corruption office published on Friday stated that Milei acted as an economist, not a public official when he supported the Libra cryptocurrency on the social media platform X (previously Twitter) in February.
According to the resolution, Milei’s personal account was set up long before its presidency and was not associated with any official state -related state activities.
The office, headed by Alejandro Melik, who was appointed by the administration of Milei in December 2023, did not emphasize that no state procedures or agreements with the participation Memecoin have been identified. In particular, the Anti -Corruption Bureau initiated the investigation at its own request.
While the decision cleanses Milei about offenses, the case remains the subject of investigation into the courts of courts in Argentina, the United States and Spain. In April, the lower chamber of Argentina voted in favor of establishing a committee on the examination of the scandal, but the ruling party was efforts to develop the investigation.
The Libra Scandinal has examined
The scandal scandal broke out on February 14, when the president of Milei publicly supported the cryptocurrency, claiming that it would strengthen the Argentine economy by supporting miniature businesses.
His advertisement included a “contract number”, which allowed potential investors to locate a token that was not exchanged for a major Exchange. Initially, the weight value increased to over 5 USD, but fell to almost worthless within a few hours, which leads to huge losses for thousands of investors.
Milei’s cooperation with Hayden Davis, the creator of Libra Memecoin, drew control. Reports indicate that Milei met Davis many times before the launch of the token, facilitated by the Argentine businessmen Mauricio Novelli and Manuel Terrones Godoy.
These meetings raised fears, especially after Sergio Morales, a former adviser to the National Commission of Argentina Security (CNV), gave up among the investigation of the prosecutor regarding his possible involvement in the scandal.
The resolution from the anti -corruption office contains numerous references to Cases of the US Supreme Court and discusses the complexity of distinguishing personal and institutional obligations.
It was found that although Milei from time to time referred to public policy on their personal account, he did it in unofficial abilities, because the account precedes his government duties.
For now, Memecoin trads 0.030 USD, which is over 96% compared to the highest level of achievement on February 14. However, during the monthly time frame, the token registered profits of 37%.
A distinguished picture from the BBC, chart from tradingview.com
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