Argentina’s Crypto Drama: Did Milei Just Get Away with It? 🤔💸

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So, guess what? Argentina’s Anti-Corruption Office has given President Javier Milei a big ol’ thumbs up in the whole Libra crypto fiasco. Apparently, he didn’t break any public ethics rules. I mean, who knew promoting a cryptocurrency on social media could be so… ethical? 🙄

Remember when Milei tweeted about the Libra token back in February? At first, it was like watching a rocket launch—value skyrocketed! But then, boom! It crashed harder than my hopes of ever being a morning person. Investors were left fuming and poorer. Oops! 😬

The OA concluded that Milei was just being a regular Joe, acting in a personal capacity. His post didn’t involve any public resources or reflect official government policy. So, basically, it was just him shouting into the void. “Hey, look at this shiny token!”

In their report, they said, “Milei’s post is not connected to administrative acts, has no allocation of public resources, and should be seen as a private chat.” So, no misuse of office here, folks! Just a casual day in the life of a president promoting a crypto that went belly-up. 🎢

The drama kicked off when Milei endorsed Libra, claiming it would empower small businesses. It shot up to a market cap of over $2 billion faster than you can say “get-rich-quick scheme,” but then it plummeted by more than 90%. Talk about a rollercoaster ride! 🎢💔

After the crash, Milei did what any responsible adult would do—he deleted his original post. Because, you know, that totally erases the financial wreckage left behind. Local media dubbed it “Cryptogate,” and opposition leaders were like, “Impeach him!” Angry investors started filing lawsuits, claiming they were duped. Classic! 😅

Feeling the heat, Milei called on the Anti-Corruption Office to investigate himself. Because nothing says “I’m innocent” like asking for a self-audit, right? While the OA’s report might wrap up the administrative side, the political fallout is still sizzling. 🔥

Things got even juicier in May when a federal judge wanted to peek at Milei’s bank records. Apparently, his sister was chatting with Hayden Davis, one of the Libra creators. Family bonding over crypto? How sweet! 💌

Not long after, Milei’s government quietly dissolved the investigation unit handling the case. They claimed their work was done. Sure, guys, just sweep it under the rug! 🧹

But wait, there’s more! A federal criminal investigation is still open, and a class action lawsuit is making its way through the courts, involving plaintiffs from Argentina, the U.S., and the U.K. Because why not make it an international affair? 🌍

In a plot twist, Circle, the issuer of the USDC stablecoin, froze two wallets linked to Davis, holding over $58 million. That’s one way to say, “We’re watching you!” 👀

According to the OA’s report, Davis met Milei on January 30, but officials were quick to clarify that he “had and has no ties to the Argentine government.” Just a casual acquaintance, you know? Nothing to see here! 🙈

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2025-06-08 19:35