{"id":53907,"date":"2025-06-09T07:45:56","date_gmt":"2025-06-09T07:45:56","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/milei-cleared-by-ethics-watchdog-over-libra-token-post\/"},"modified":"2025-06-09T07:45:56","modified_gmt":"2025-06-09T07:45:56","slug":"milei-cleared-by-ethics-watchdog-over-libra-token-post","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/milei-cleared-by-ethics-watchdog-over-libra-token-post\/","title":{"rendered":"Milei Cleared by Ethics Watchdog Over Libra Token Post"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Argentine President <a href=\"https:\/\/igaming.org\/crypto\/argentina-elects-pro-bitcoin-and-anti-central-bank-candidate-javier-milei-new-president\/\">Javier Milei<\/a> has avoided official penalties after the country\u2019s Anti-Corruption Office determined that he did not cross any legal lines when he mentioned the Libra memecoin earlier this year. The agency released its findings on June 5, clarifying that Milei was speaking in a personal capacity on social media, not as a government official.<\/p>\n<hr\/>\n<p><em><strong>Good to know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>The Anti-Corruption Office says Milei acted as a private citizen, not a public official.<\/strong><\/em><\/li>\n<li><em><strong>LIBRA\u2019s value dropped about 94% after briefly hitting a $4 billion market cap.<\/strong><\/em><\/li>\n<li><em><strong>A federal criminal investigation into the incident is still ongoing.<\/strong><\/em><\/li>\n<\/ul>\n<hr\/>\n<p>Back in February, Milei shared a post on X about the LIBRA token. The post drew heavy criticism after LIBRA spiked in value, reaching a $4 billion market cap, only to collapse by 94% within hours. Many accused the president of triggering a pump-and-dump, and opposition leaders demanded impeachment proceedings. According to on-chain data, investors lost an estimated $251 million.<\/p>\n<p>Despite the backlash, Milei claimed he was not promoting the token but simply <em>\u201cspreading the word.\u201d<\/em> His critics argued otherwise, raising concerns about his influence and timing of the post.<\/p>\n<h2>Ethics Body Clears the President<\/h2>\n<p>Argentina\u2019s Anti-Corruption Office <a href=\"https:\/\/igaming.org\/crypto\/argentina-opens-crypto-investigation-tied-to-libra-president-milei\/\">reviewed<\/a> the case and concluded that Milei had not used any public funds or resources and had expressed his views through a personal account. The resolution described his post as part of his long-standing use of X for personal and political commentary\u2014dating back to 2015.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>5BTC or 111% + 111 Free Spins!<\/strong> <\/p>\n<p>New players only. Exclusive 111% Welcome Bonus + 111 Free Spins<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><em>\u201cAlthough the account sometimes references public policies or decisions from his administration, it does so in a non-institutional manner, functioning as a platform for political and personal expression,\u201d<\/em> said the agency. It also noted that citizens are allowed to share opinions under Argentina\u2019s constitution, and Milei was doing just that.<\/p>\n<p>The decision means no violation of federal ethics rules for public officials took place, at least from the Anti-Corruption Office\u2019s standpoint.<\/p>\n<h2>Legal Questions Remain<\/h2>\n<p>Even with this ruling, Milei is not fully in the clear. A federal criminal court is still looking into the broader incident and will determine whether any legal boundaries were crossed. So while he has avoided penalties under ethics law for now, further outcomes may still be on the horizon.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/argentina-anti-corruption-office-finds-no-misconduct-by-milei\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Argentine President Javier Milei has avoided official penalties after the country\u2019s Anti-Corruption Office determined that he did not cross any legal lines when he mentioned the Libra memecoin earlier this year. The agency released its findings on June 5, clarifying that Milei was speaking in a [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":53908,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/53907"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=53907"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/53907\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/53908"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=53907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=53907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=53907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}