PANews reported on June 8 that according to The block, Argentina's Anti-Corruption Office (OA) stated that the country's President Javier Milei acted in his personal capacity when promoting the Libra cryptocurrency ($LIBRA) and did not violate the country's public ethics regulations. The investigation report pointed out: "The promotional posts are not related to administrative actions, no public resources are allocated, and no institutional support is obtained. They should be interpreted as personal or private communication behaviors and do not produce any form of official public policy direction."
Javier Milei initially promoted the Libra cryptocurrency on his personal X account as a way to support small businesses and startups in Argentina. But he deleted the post after the token's market value plummeted 90% from its peak of more than $2 billion. The resulting scandal, dubbed "Cryptogate" by local media, led opposition politicians to call for Javier Milei's impeachment and triggered a lawsuit filed by the country's lawyers representing investors who lost money. Javier Milei asked Argentina's Court of Auditors (OA) to conduct an investigation to "determine whether there has been any misconduct by any member of the national government, including the president himself."
