Argentine authorities distance themselves from the president's post on the Libra token
Date: 2025-06-09 Author: Henry Casey Categories: CRYPTO PAYMENTS
The Argentine Anti-Corruption Authority (OA) has published a report stating that the post by President Javier Miley on the social network X (formerly Twitter), containing a positive review of the Libra cryptocurrency, is not an act related to state affairs. In their opinion, this is the private opinion of the head of state, not related to official policy and not accompanied by the use of administrative resources.
"The president's message in X is not part of any program or initiative of the government. It does not entail the distribution of public funds and does not imply support from state institutions," the OA document says.
It is emphasized that Miley's post did not entail changes in governance or lawmaking, and did not become the basis for any official decisions. In this regard, the department has no claims against the president, and the fact of publication was assessed as a form of personal expression of a position that does not go beyond what is permitted.
Despite this, lawsuits against Miley continue to be considered. Groups of investors who claim to have suffered losses due to their participation in the Libra project have filed collective complaints in the courts of Argentina, the United States, and Great Britain. They accuse Miley of promoting the token, which, in their opinion, played a role in large-scale losses.
The president's lawyers reject all accusations and claim that Miley has nothing to do with the development of the Libra token and has not contacted its creators. They insist that the head of state cannot be held responsible for the actions of an independent team behind the memecoin.
Earlier, Miley himself ordered the abolition of the investigative commission under the Ministry of Justice, which was studying the circumstances of the collapse of the Libra project. The move has drawn criticism from some in the public, but officials say the commission has completed its work and found no evidence of direct presidential involvement.
