LIBRA Scandal: The Ethical Circus of Javier Milei 🎪💰

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Ah, the grand spectacle of politics! In the land of tango and empanadas, President Javier Milei has emerged from the murky waters of the LIBRA memecoin scandal, waving a flag of innocence as the Anti-Corruption Office has deemed his actions as ethical. Who knew that promoting a cryptocurrency could be so… legal? 😏

Local media, those ever-watchful hawks, have reported that the office found no legal violations in Milei’s enthusiastic endorsement of this digital currency earlier this year. It seems that in the eyes of the law, he was merely an economist playing dress-up as a public official. 🎭

No Legal Breach Found

In a resolution that could rival a soap opera, the Anti-Corruption Office declared on Friday that Milei was acting as an economist when he took to social media platform X (formerly known as Twitter) to champion the LIBRA cryptocurrency back in February. Apparently, his personal account was a relic from a time before he donned the presidential cape, and thus, it was not entangled in any state affairs. Who knew being an economist was such a get-out-of-jail-free card? 🃏

Led by Alejandro Melik, a loyal soldier appointed by Milei himself, the office emphasized that no state contracts or procedures involving the LIBRA memecoin were found. In a twist of irony, the investigation was initiated at Milei’s own request. Talk about a plot twist! 📜

While this ruling clears Milei of any wrongdoing, the courts in Argentina, the US, and Spain are still scratching their heads over the matter. In April, the lower house of Argentina voted to form a commission to investigate the scandal, but the ruling party has been playing a game of political hide-and-seek to stall the inquiry. 🎭

LIBRA Scandal Investigated

The LIBRA scandal burst onto the scene on February 14, when President Milei boldly proclaimed that this cryptocurrency would be the knight in shining armor for the Argentine economy, rescuing small businesses from the clutches of despair. 🦸‍♂️

His announcement included a “contract number” that was supposed to guide potential investors to the token, which, surprise surprise, was not listed on any major exchanges. Initially, LIBRA soared to over $5, only to crash and burn to nearly nothing within hours, leaving a trail of devastated investors in its wake. Talk about a rollercoaster ride! 🎢

Milei’s cozy relationship with Hayden Davis, the mastermind behind the LIBRA memecoin, has raised eyebrows. Reports suggest that they met multiple times before the token’s launch, thanks to the matchmaking efforts of Argentine businessmen Mauricio Novelli and Manuel Terrones Godoy. It’s like a bad rom-com, but with money! 💔

These clandestine meetings have sparked concerns, especially after Sergio Morales, a former advisor to Argentina’s National Securities Commission (CNV), resigned amid a prosecutor’s investigation into his potential involvement in this financial fiasco. The plot thickens! 🕵️‍♂️

The resolution from the Anti-Corruption Office is a veritable treasure trove of references to US Supreme Court cases, diving deep into the murky waters of personal versus institutional responsibilities. In the end, they concluded that while Milei occasionally mentioned public policies on his personal account, he was merely a civilian in a suit, as the account predated his presidential duties. A classic case of “I was just following orders!” 😅

As of now, the memecoin is trading at a mere $0.030, down over 96% from its dizzying heights on February 14. But wait! Over the past month, it has managed to gain a whopping 37%. Who says you can’t rise from the ashes? 🔥

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2025-06-10 07:14