{"id":43969,"date":"2025-06-09T16:00:52","date_gmt":"2025-06-09T13:00:52","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=43969"},"modified":"2025-06-09T13:23:00","modified_gmt":"2025-06-09T10:23:00","slug":"critical-libra-decision-from-argentinas-anti-corruption-office","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/critical-libra-decision-from-argentinas-anti-corruption-office\/","title":{"rendered":"Critical Libra Decision from Argentina\u2019s Anti-Corruption Office"},"content":{"rendered":"<p><span data-contrast=\"auto\"><strong>Argentina\u2019s Anti-Corruption Office<\/strong> did not consider President Javier Milei\u2019s promotion of the <strong>Libra coin<\/strong> as an official endorsement. On February 14, <strong>Milei<\/strong> shared his personal opinion in a post on X. The office stated that Milei did not violate <strong>Argentina\u2019s federal<\/strong> ethics laws. No public funds were used during this process. Milei\u2019s social media posts were made as political expression under constitutional rights. Despite claims that investors lost a total of <strong>$251 million<\/strong>, the office concluded there was no ethical violation.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The Libra token reached a market value of <strong>$4 billion<\/strong> shortly after <strong>Milei\u2019s promotion<\/strong> but then lost about <strong>94%<\/strong> of its value. This drop resembles classic <strong>pump-and-dump<\/strong> schemes seen in <strong>cryptocurrency<\/strong> markets. Milei\u2019s support statement sparked debate both nationally and internationally. <strong>On May 19<\/strong>, Milei signed a decree to dissolve the task force investigating the Libra scandal. This decree prevented any actions against <strong>Milei<\/strong> or any Argentine officials allegedly linked to the scandal.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h2><span data-contrast=\"auto\">International Investigations and Crypto Regulations<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/h2>\n<p><span data-contrast=\"auto\">In the <a href=\"https:\/\/coinengineer.net\/blog\/usa-moved-bitcoins-from-sae-heng-wallet-to-a-new-address\/\"><strong>US<\/strong><\/a> and <strong>UK<\/strong>, criminal investigations related to <strong>Libra<\/strong> are ongoing. Numerous class-action lawsuits have been filed due to investor losses. These cases have increased demands for transparency and regulation in <strong>digital<\/strong> assets and cryptocurrencies. Regulators are particularly expected to intervene to prevent pump-and-dump schemes.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\"><a href=\"https:\/\/coinengineer.net\/blog\/argentine-president-milei-shuts-down-unit-investigating-libra-scandal\/\"><strong>Argentina\u2019s<\/strong><\/a> <strong>Anti-Corruption Office<\/strong> clarified the legal boundaries of digital assets and social media posts. It stated that <strong>Milei\u2019s social media<\/strong> activity was within constitutional rights. This sets an important precedent for <strong>crypto projects<\/strong> and public officials\u2019 use of social media. The Anti-Corruption Office said:<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<blockquote><p><span data-contrast=\"auto\">&#8220;Although the account occasionally references public policies or administrative decisions, it does so in a non-institutional manner and serves as a platform for political and personal expression.&#8221;<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><\/blockquote>\n<p><span data-contrast=\"auto\">The office confirmed there was no ethical violation in Javier Milei\u2019s<strong> Libra<\/strong> promotion. However, international investigations and class actions related to the <strong>Libra project<\/strong> continue. The ministry emphasized that Milei\u2019s personal account on social network X expresses political opinions like any other citizen under Argentina\u2019s Constitution, exercising civil and political rights.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{}\"> <em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Argentina\u2019s Anti-Corruption Office did not consider President Javier Milei\u2019s promotion of the Libra coin as an official endorsement. On February 14, Milei shared his personal opinion in a post on X. The office stated that Milei did not violate Argentina\u2019s federal ethics laws. No public funds were used during this process. Milei\u2019s social media posts<\/p>\n","protected":false},"author":36,"featured_media":43970,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[17703,17710,17711,17708,5410,17712,17715,837,17707,17704,17705,17714,17713,17706,17709],"class_list":["post-43969","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-argentina-anti-corruption","tag-argentina-federal-ethics","tag-crypto-investor-lawsuits","tag-crypto-legal-precedent","tag-crypto-market-crash","tag-crypto-scandal-investigations","tag-crypto-task-force-closure","tag-cryptocurrency-regulation","tag-digital-asset-investigations","tag-javier-milei-crypto","tag-libra-coin-controversy","tag-libra-token-value","tag-political-expression-crypto","tag-pump-and-dump-crypto","tag-social-media-crypto-promotion"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Critical Libra Decision from Argentina\u2019s Anti-Corruption Office - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/critical-libra-decision-from-argentinas-anti-corruption-office\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Critical Libra Decision from Argentina\u2019s Anti-Corruption Office - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Argentina\u2019s Anti-Corruption Office did not consider President Javier Milei\u2019s promotion of the Libra coin as an official endorsement. 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