Argentine President Javier Milei was released from the ethical violation investigation against him due to the sharing of crypto currency in February 2025, including LIBRA. Anti -Corruption Office (OA) on Friday, June 6 in the decision, Milei’s sharing of the president of the state of state, not as an economist identity and the personal account of the platform X platform has been emphasized. For this reason, the institution ruled that there was no conflict of interest with public authority. With the closure of the investigation, disciplinary sanctions against Milei will not be applied. The decision led to the re -discussion of personal and official borders in politicians’ social media events.
The prominent details of the decision in ethical investigation
OA President Alejandro Melik’in signature of the document in the document Milei’nin account long before the post of state, said before the parliamentary period. Melik, “the purpose of sharing is personal; public power has not been used,” the statement recorded. Thus, it was accepted that the influence of the task was not used in ethical assessment.
During the investigation process, the promotion of LIBRA was added to the evidence file that the president was not carried out with official communication channels or government resources. These findings strengthened the conclusion that the legal violation did not occur.
The effect of LIBRA sharing on the market is controversial
Milei argued that LIBRA would create capital for small and medium -sized Argentine enterprises. Immediately after the introduction, the market value of the crypto currency rose to $ 4.5 billion. However, the President, claiming that he did not have enough information about the project, deleted his post in a short time.
Following the deletion move, the price of LIBRA lost 90 percent; Thus, more than $ 4 billion market value evaporated. Speaking of the chain, 86 percent of traders trading has damaged a total of 251 million dollars, the remaining ones earned 180 million dollars. Experts pointed out that even a single social media message can create major fluctuations in the crypto money market.
Social Media and Public Official Identity
LIBRA’s co -founder Hayden Davis, the connection with President Milei, claimed that his brother Karina Milei claimed that he had new question marks. While Davis’s payments were questioned in the public, there was no evidence of bribery or influence trade in OA documents.
The incident revealed the public impact of the shares made by the state administrators from personal accounts. Observer underlines the obligation to inform and avoid the reputation of the task, especially in crypto currency promotions. With the closure of the LIBRA investigation unit, the process will be closed for now, while the pressure of social media on market behavior will remain on the agenda.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
