Argentine President Milei Exonerated in Libra Meme Coin Probe
Summary
Argentina's anti-corruption unit has cleared President Javier Milei regarding his promotion of the LIBRA meme coin, stating he acted in a personal capacity and found no wrongdoing. A criminal investigation is ongoing, prompted by allegations of misuse of position in promoting LIBRA. The cryptocurrency peaked at $4.50 before plummeting 90% to below $0.50, leading to accusations of a pump-and-dump scheme. LIBRA had a trading volume of about $1.1 billion shortly after launch but is currently valued at approximately $0.03. Milei previously dissolved an investigative body looking into him and has faced scrutiny for promoting other crypto projects, including CoinX, prior to his presidency.
