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Argentina Clears President Milei in Crypto Scandal Over Libra Token

  • Argentina's Office of Accountability (OA) cleared President Milei in a crypto scandal related to Libra token promotion.
  • The OA concluded that Milei's endorsement of Libra did not involve public resources or government action, labeling it as individual communication.
  • Milei's endorsement initially led to a surge in Libra's market cap to over $2 billion but later crashed by 90%, causing financial losses and backlash.
  • Despite the OA clearing Milei of ethical breaches, public trust remains divided over the controversy surrounding the Libra endorsement incident.

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