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Argentina’s President Javier Milei has been officially cleared of any wrongdoing in the high-profile $LIBRA crypto promotion scandal, following a thorough investigation by the national anti-corruption office.
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The investigation concluded despite significant financial losses exceeding $250 million and multiple legal actions triggered by the incident, underscoring the complex regulatory environment surrounding cryptocurrencies in Argentina.
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According to COINOTAG sources, President Milei stated, “I have nothing to hide … I didn’t promote it, I spread awareness of it,” emphasizing his stance amid ongoing scrutiny.
Argentina’s President Milei cleared in $LIBRA crypto scandal after anti-corruption probe; $250M losses spark calls for stronger crypto regulations.
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The $LIBRA token controversy centered on President Javier Milei’s public enthusiasm, which initially caused a rapid price surge followed by a sharp crash. The Argentine anti-corruption office’s recent announcement officially clears Milei of any direct involvement in wrongdoing. This decision comes after months of scrutiny into the promotion and management of the $LIBRA token, which had significant repercussions on investor confidence and market stability.
Key figures implicated in the investigation included Milei’s sister, Karina, and Hayden Davis, CEO of Kelsier Ventures, who faced allegations related to fund mismanagement. Despite these associations, the investigation found no evidence implicating the president himself, highlighting the challenges of attributing responsibility in decentralized and rapidly evolving crypto markets.
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