Argentina’s Anti-Corruption Office (OA) has concluded that President Javier Milei will not face any ethical sanctions stemming from his controversial promotion of the LIBRA memecoin, a Solana-based token. The OA found that Milei’s social media post endorsing the cryptocurrency project was a personal statement rather than an official endorsement of government policy, clearing him of violations under public ethics rules. This decision follows Milei’s initial promotion on his X account, which led to a price surge for the LIBRA coin before a significant crash. The incident, however, resulted in losses for investors and fueled speculation regarding potential insider trading, impacting Argentina’s financial markets. Milei subsequently deleted the post, clarified his intentions, and denied any wrongdoing. Following public pressure, Milei requested an official investigation which concluded that the post originated from his personal account not connected to government resources, pre-dating his presidency. The OA underscored the legal protection of private expression under the constitution. While the OA’s findings clear Milei of ethical misconduct, the incident has raised questions about trust and responsibility in public figures’ use of social media platforms. For further information on this story and other cryptocurrency news, visit DeFi Planet.