Promoting Libra meme coin is not illegal! Argentina's anti-corruption office: The president's personal freedom of speech, he did not abuse his power.

The Anti-Corruption Office ruled that President Milley's promotion of Libra memes was not illegal, only his personal opinion, and said that he did not violate any presidential authority, but the federal criminal investigation continued to investigate the responsibility for market losses. (Synopsis: Argentine president promoted $LIBRA was accused of fraud, opposition party threatened to launch impeachment: scammers are humiliated) (Background supplement: Will the founder of Solana's largest agreement be imprisoned? Argentine President Javier Milei was recently embroiled in controversy for posting content related to Libra (LIBRA) memecoins on social platform X, and was accused of promoting cryptocurrencies with market manipulation risks, resulting in huge losses for investors. Despite the latest ruling by the Argentine Anti-Corruption Office that Milei did not violate public official ethics laws, a federal criminal investigation is ongoing and the aftermath of the incident continues. Anti-Corruption Office Ruling and Market Shock According to a resolution issued by the Argentine Anti-Corruption Office on June 5, 2025, President Javier Milei's promotion of the Libra token on his personal X account was identified as an expression of "personal identity" and did not use public resources, thus not violating federal public official ethics laws. The office noted that Milei has continued to express his views through his personal X account since 2015, which should be considered an exercise of his civil and political rights. However, this event had a severe impact on the market. After Milei's tweet, the market value of Libra tokens soared to about $4 billion to $4.5 billion, but then quickly collapsed, down about 94%, causing a total loss of $251 million for many investors, showing a typical "pull-up shipment" mode. In response to the allegations, Milei himself adamantly denied any wrongdoing. He claimed that he was not "promoting" Libra, but "spreading information about it", according to the earliest Kobeissi Letter post on the X platform, Milei has released Libra-related image information Investigation, political impact and international investigation Despite the ruling of the Anti-Corruption Office, the federal criminal investigation into Milei's involvement in the Libra scandal is ongoing, indicating that the legal process in the case is not over. First, the Argentine government set up a task force to investigate the case, but it was subsequently disbanded, which caused criticism from some people, and Congressman Itai Hagman publicly stated on the X platform: "It's always a fake, they never dare to investigate anything, they cover each other because they are completely trapped in it." The incident also had an impact on Milei's political prestige. According to data released by pollster Zuban Córdoba in March 2025 (refer to the chart provided by the agency), the Libra scandal has had a negative impact on Milei's personal image and governance satisfaction, which fell from 47.3% in November last year to 41.6% in March this year. Despite the implications for Argentina, the losses caused by memes are global, with a US court currently ordering the freezing of approximately $57 million USDC stablecoins linked to the Libra scandal. Key figures in the case include Kelsier Ventures CEO Hayden Davis, who has admitted to profiting more than $100 million from inside information; and Arunkumar Sugadevan, which is linked to multiple scam projects. CURRENTLY, A CLASS ACTION LAWSUIT AGAINST LIBRA TOKEN CREATORS HAS BEEN FILED IN THE UNITED STATES. Related Stories Play you to death! The Argentine president forwarded $LIBRA to buy 100% of the teaching rush after clearing up: "This is not a promotion" price fell back to square one The Argentine president does not recognize $LIBRA! After the deletion and postponement, the coin price collapsed by 95%, and the coin team made 100 million magnesium angrily choked $LIBRA is Rug! The founder of Solayer revealed a loss of more than 2 million magnesium; The Coin team argues: The funds will support Argentine companies "It is not illegal to promote Libra Meme Coin!" Argentina's Anti-Corruption Office: The President's Personal Freedom of Speech, He Is Not Derelict in His Duties" This article was first published in BlockTempo's "The Most Influential Blockchain News Media".