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Amid Diplomatic Crisis, Argentina’s President in Spain to Pick up Award

  • In February 2025, Argentine President Javier Milei promoted the $LIBRA cryptocurrency on his personal X account, causing its market capitalization to rise above $2 billion and then collapse by 90%.
  • The collapse sparked public outrage and impeachment calls, prompting Milei to request an ethics probe that concluded he acted personally without misusing public resources or office.
  • Legal proceedings initiated by investors in Argentina, the U.S., Spain, and the U.K. Are ongoing, even as a congressional inquiry has been delayed due to a blockade by the ruling party.
  • In May 2025, Milei visited Madrid to accept a prestigious regional honor awarded by the city’s leadership, a decision that sparked criticism from the Spanish government amid ongoing diplomatic strains following his offensive remarks and participation in a far-right event.
  • These events reflect unresolved legal and political repercussions from the $LIBRA controversy, with federal investigations and multi-jurisdictional litigation continuing alongside diplomatic strains.
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Lean Right

A resolution of the agency analyzed the situation of the President and the former advisor of the National Securities Commission Sergio Morales, and determined that they did not violate ethical norms

·Buenos Aires, Argentina
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Lean Left

According to the agency under the Ministry of Justice, the President did not violate the law of Public Ethics: “It must be interpreted as an act of individual or private communication”

·Buenos Aires, Argentina
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  • 67% of the sources lean Right
67% Right
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Infobae broke the news in Buenos Aires, Argentina on Saturday, June 7, 2025.
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