On June 8, news from Argentina's Anti-Corruption Office (OA) stated that the country's president, Javier Milei, acted in a personal capacity when promoting the Libra Crypto Assets ($LIBRA) and did not violate the country's public moral regulations. The investigation report pointed out: "The promotional posts are unrelated to administrative actions, did not allocate public resources, nor did they receive institutional support, and should be interpreted as personal or private communication, which did not result in any form of official public policy direction."
Javier Milei initially promoted the Libra encryption on his personal X account to support small businesses and startups in Argentina. However, after the token's market value plummeted 90% from its peak of over $2 billion, he deleted the post. The ensuing scandal was dubbed "Crypto Gate" by local media, leading opposition politicians to call for the impeachment of Javier Milei and resulting in lawsuits filed by lawyers representing loss-incurring investors in the country. Javier Milei has requested an investigation from the Argentine Audit Office (OA) to "determine if there were any misconduct by any government members, including the president himself."
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CryptoPhoenix
· 16h ago
The character setting never loses.
Reply0
TokenStorm
· 16h ago
Profit coexists with risk
Reply0
BlockchainFoodie
· 16h ago
Clear but tasty mistake.
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TokenBeginner'sGuide
· 16h ago
Gentle reminder: Public officials should be cautious in the crypto world. What does the data showing a 90% fall in market capitalization of Libra indicate? Based on my experience, the endorsement of encryption projects by political and business figures often hides risks, so I advise everyone to abandon the fear of missing out (FOMO) mentality and adhere to independent thinking and judgment. From a regulatory compliance perspective, although the investigation results show no violations, I remind everyone: crypto investment should focus on the project's fundamentals, not just follow celebrities' endorsements.
Argentina's president promotes Libra Crypto Assets and is cleared of allegations, previously faced controversy over "crypto scandal".
On June 8, news from Argentina's Anti-Corruption Office (OA) stated that the country's president, Javier Milei, acted in a personal capacity when promoting the Libra Crypto Assets ($LIBRA) and did not violate the country's public moral regulations. The investigation report pointed out: "The promotional posts are unrelated to administrative actions, did not allocate public resources, nor did they receive institutional support, and should be interpreted as personal or private communication, which did not result in any form of official public policy direction."
Javier Milei initially promoted the Libra encryption on his personal X account to support small businesses and startups in Argentina. However, after the token's market value plummeted 90% from its peak of over $2 billion, he deleted the post. The ensuing scandal was dubbed "Crypto Gate" by local media, leading opposition politicians to call for the impeachment of Javier Milei and resulting in lawsuits filed by lawyers representing loss-incurring investors in the country. Javier Milei has requested an investigation from the Argentine Audit Office (OA) to "determine if there were any misconduct by any government members, including the president himself."