Argentina closes cryptocurrency fraud probe into President Milei

Argentina's judiciary has formally closed an investigation into President Javier Milei over alleged involvement in cryptocurrency fraud, according to official sources. The case examined whether Milei acted improperly in connection with a cryptocurrency's significant price drop that occurred after he removed a social media post referencing the digital asset.

Milei had consistently maintained that he engaged in no fraudulent conduct throughout the inquiry. The president's legal position centered on denying any intentional wrongdoing in relation to the timing of the post's deletion and the subsequent market decline of the cryptocurrency in question.

The closure of the investigation marks the end of legal proceedings that had drawn scrutiny to Milei's personal financial activities and social media conduct prior to his election to the presidency. The termination of the case removes one of several controversies that had surrounded the libertarian leader during his political ascent in Argentina.

Details regarding the specific reasons for the investigation's closure were not immediately disclosed by Argentine authorities. The development comes as Milei continues to implement his economic reform agenda since assuming office.