Argentina's President Milei received clarification from the Anti-Corruption Office that the LIBRA Token controversy still remains.

Recently, the investigation results released by the Argentine Anti-Corruption Office concluded that President Javier Milei did not engage in illegal activities in promoting the LIBRA memecoin incident.

The office pointed out in the resolution on June 7 that Milei's support for the LIBRA Token through his personal social media X account in February this year is a personal activity "in his capacity as an economist" and is unrelated to his presidential position.

The investigation indicated that Milei's X account was created before he took office and that the LIBRA project he promoted did not involve any government contracts or procedures. Although Milei actively requested the investigation, the head of the anti-corruption office, Alejandro Melik, was appointed by the Milei government in December 2023, which has raised public questions about the independence and impartiality of the investigation results.

The incident began on February 14, when Milei publicly declared that the LIBRA Token would "revitalize the Argentine economy by supporting small businesses." The contract number included in his X tweet caused the price of the Token to briefly approach $5, but it subsequently plummeted to nearly zero, resulting in significant losses for many investors.

Although the conclusions of the Argentine Anti-Corruption Office cite cases from the U.S. Supreme Court, emphasizing the legal complexities of distinguishing between personal and official conduct, the LIBRA incident continues to ferment within the judicial systems of multiple countries. In April, the Argentine Chamber of Deputies voted to establish a special investigative committee, but this process has been obstructed by the ruling party. Meanwhile, relevant investigations by courts in the United States and Spain are still ongoing.

In terms of the market, LIBRA is currently trading at $0.029, down 97% from its historical high. Although there has been a 35.7% rebound in the past month, this loss has already become a fact for investors.

In summary, although this ruling absolves Milei of administrative responsibility, the public's doubts about his use of influence to promote high-risk cryptocurrency projects have not dissipated.

However, the incident reflects the ethical boundary issues faced by political leaders in various countries when promoting cryptocurrency, and it provides a cautionary case for regulators on how to respond to market fluctuations caused by the "celebrity effect."

#阿根廷 # LIBRA #anti-corruption investigation