Argentina’s Anti-Corruption Office Clears President Milei in Crypto Token Promotion Case

President Javier Milei has been cleared of any administrative wrongdoing in connection with his public endorsement of a cryptocurrency token earlier this year, following a ruling from Argentina’s Anti-Corruption Office. The decision brings a measure of relief for the libertarian leader, who faced mounting scrutiny after promoting a digital asset known as Libra on social media.

According to the ethics watchdog, Milei’s February post on X (formerly Twitter) about the Libra token was made in a personal capacity and did not involve the use of government resources. As such, the post did not violate federal ethics rules governing the conduct of public officials, the agency concluded.

While the anti-corruption ruling clears Milei on the administrative front, a separate criminal court investigation into the incident remains active. The ongoing legal review leaves the broader issue unresolved, but the ethics office’s findings provide the president with a political reprieve.

The controversy first erupted after Milei publicly praised Libra following a meeting with the token’s creators. Critics alleged that he was leveraging his position to promote a speculative investment vehicle. Milei, however, dismissed the claims, stating that his intent was not to encourage investment but rather to draw attention to a tech-driven initiative designed to support Argentine entrepreneurs through cryptocurrency innovation.

The backlash was swift but short-lived. Though the incident initially sparked concern about potential conflicts of interest, it gradually faded from the headlines. Now, 18 months into his presidency, Milei continues to enjoy strong public support, buoyed by declining inflation and optimism surrounding his pro-market reforms.

Since taking office, Milei has embraced cryptocurrency and economic liberalization as key pillars of his agenda. His administration has focused on reducing state intervention in the economy and tackling Argentina’s longstanding fiscal instability. This market-friendly approach has resonated with international investors and crypto advocates alike.

The anti-corruption office’s decision reinforces Milei’s narrative as a reformist leader operating within the boundaries of legal and ethical norms—even as his bold, often unconventional style remains a source of debate both domestically and abroad.