Argentina’s Anti-Corruption Office has cleared President Javier Milei of ethics violations related to his endorsement of the Solana-based LIBRA cryptocurrency. Investigators determined Milei’s promotion of the digital asset constituted a personal action rather than official government conduct, eliminating grounds for ethical sanctions.
President Milei initiated the probe into his own endorsement to establish transparency, setting a potential precedent for political figures engaging with cryptocurrency assets. The request followed significant market volatility in LIBRA’s value after his public support, underscoring the market impact of high-profile crypto endorsements.
Despite the ethics clearance, criminal investigators continue examining potential market manipulation and securities law violations related to the endorsement. This reflects escalating global regulatory scrutiny over influencer-driven cryptocurrency promotions.
The case may catalyze international regulatory frameworks specifically addressing public figures’ cryptocurrency endorsements, aiming to safeguard investors and maintain market integrity amidst increasing digital asset adoption.