Libra’s scandal solution: Javier Milei’s behavior is considered moral by the Anti-Corruption Office
Argentina President Javier Milei, who was exempted from the country’s anti-corruption office, was involved in the controversial Libra memorial scandal, which caused huge financial losses to investors.
Announcements from local media show that the office has not violated the law in the cryptocurrency that promoted Miley earlier this year.
Legal violation not found
exist solve The Anti-Corruption Office posted Friday that when he endorsed Libra cryptocurrency on social media platform X (formerly Twitter) in February, Miley’s behavior was the act of being an economist rather than a public official.
Under the resolution, Miley’s personal account was established long before he became president and had nothing to do with any formal state action related to cryptocurrencies.
Office led by Alejandro Melik, who was appointed by the Melik administration in December 2023 member Being confirmed. It is worth noting that the Anti-Corruption Office began the investigation at Milei’s own request.
Although the ruling cleared Miley’s wrongdoing, the case was investigated by the court in Argentina, the United States and Spain. In April, Argentina’s lower house voted to form a committee to investigate the scandal, but the ruling party hindered efforts to make progressive investigations.
Libra scandal investigation
The Libra scandal broke out on February 14, when President Mili publicly recognized the cryptocurrency, claiming that it would strengthen the Argentina economy by supporting small businesses.
His announcement includes a “contract number” that allows potential investors to find the token, which is not listed. comminicate. Initially, Libra’s value soared above $5, but was almost worthless in a few hours, causing huge losses to thousands of investors.
Milei’s collaboration with Hayden Davis, creator of Libra Memecoin, was reviewed. Reports show that Miley met with Davis several times before the token launch, which was facilitated by Argentine businessmen Mauricio Novelli and Manuel Terrones Godoy.
The meetings have attracted attention, especially after Sergio Morales, a former adviser to the Argentina National Securities Commission (CNV), resigned as prosecutor’s resignation after he might be involved in the scandal.
The Office of Anti-Corruption resolution includes many mentions U.S. Supreme Court case And discusses the complexity of distinguishing between individual and institutional responsibilities.
It concluded that while Millie occasionally mentions public policy on his personal account, he does so in a non-governmental capacity because the account predates his government responsibility.
As of now, Memecoin is trading at $0.030, down more than 96% from its all-time high on February 14. However, the token’s earnings are 37% over the monthly timeframe.
Featured images from the BBC, charts from TradingView.com
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