Argentine Anti-Corruption Office clears President Milei of ethics violation over LIBRA promotion

The Anti-Corruption Office determined that Milei’s controversial post endorsing LIBRA constituted a personal, non-official activity.

Argentina’s Anti-Corruption Office has determined that President Javier Milei did not violate any ethics laws when he promoted the Solana-based LIBRA memecoin in February.

In a resolution issued on Friday, the office declared that Milei’s Feb. 14 X post constituted a personal statement rather than an official announcement as a public servant. Therefore, Milei’s post did not result in any ethics violations, the document signed by Alejandro Melik, head of the Anti-Corruption Office, stated.

The Anti-Corruption Office is a decentralized agency that reports to the Argentine Ministry of Justice. Its chief, Melik, was appointed by the Milei administration in December 2023.

The office had launched an investigation into whether Milei had engaged in any misconduct after the LIBRA token price rose and cratered within hours of his X post promoting the project. Milei himself had requested the investigation and even created a special task force he disbanded last month after it fulfilled its mandate to examine his ties to the LIBRA token.

The case is still being investigated by an Argentine federal court, which froze Milei and his sister’s assets amid the probe.