President Javier Milei Off the Hook in LIBRA Token Scandal

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Written by Aaron S.,

Editor-In-Chief

Last Updated: June 09, 2025

Key Takeaways

Argentina’s Anti-Corruption Office found President Milei did not misuse his position when posting about the LIBRA cryptocurrency;
The agency said Milei’s X account is personal and protected under free speech rights, not a tool of public office;
Though LIBRA crashed after Milei’s post, causing major losses, no official rules were violated, according to the watchdog.

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Argentina’s Anti-Corruption Office has ruled that President Javier Milei did not break any official rules when he posted about the LIBRA cryptocurrency.

The decision, announced on June 5, said President Milei was acting as a private individual when he mentioned the token on X, rather than using his role as head of state.

However, the Anti-Corruption Office said the president’s actions did not involve any use of public funds or official government platforms. According to the agency, President Milei’s X account has been active since 2015, long before he took office.

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It added that the account is mostly used to express personal opinions, even if it sometimes mentions public issues. The agency stated that the platform works more like a personal blog than a government outlet.

In a translated document, the office explained that these types of posts are common for citizens who share their political views online. The agency emphasized that expressing such opinions falls under the political and civil rights protected by Argentina’s constitution.

After President Milei posted on X on February 14, the LIBRA token briefly surged to a $4 billion market cap before losing around 94% of its value within hours. The token’s rapid rise and fall caused an outcry, especially from political opponents who blamed the president for contributing to investor losses estimated at $251 million.

President Milei has denied any wrongdoing. According to him, he did not advertise the LIBRA token, but simply mentioned it.

On May 19, the president shut down the Libra investigation unit by claiming it had "fulfilled its purpose" without offering clear details. How did lawmakers respond? Read the full story.