President Javier Milei has been cleared by Argentina’s Anti-Corruption Office of ethical violations related to his promotion of the LIBRA cryptocurrency token. The investigation found that his actions were personal, not official in nature, and did not involve misuse of public resources. However, the market experienced a significant drop following his tweet promoting the token. While the Argentine Anti-Corruption Office cleared Milei, their findings highlight vulnerabilities within the crypto space to market manipulation by public figures. Notably, the post triggered a market price surge and subsequent crash that resulted in estimated losses exceeding $251 million, emphasizing the susceptibility of crypto markets to influencer endorsement. The investigation continues as potential market manipulation is investigated through a federal court. Milei has stated his personal promotion did not constitute an official act of promoting the token.