On Tuesday, Argentina's presidential spokesperson Manuel Adorni dismissed as "insulting" any speculation about bribes related to the recent sharp decline in the value of the libertarian President's cryptocurrency.
Earlier, economist Milei publicly endorsed the little-known crypto coin $LIBRA, only to delete the post later and disavow any connection to the cryptocurrency.
Adorni assured in a press conference that there was no breach of public ethics, and no intention of dismissing any officials over misconduct.
A federal judge is currently investigating Milei's possible involvement in what the finance chamber described as a "rug pull" scheme, where backers artificially inflate a coin's value, then swiftly withdraw their funds, leaving investors with worthless tokens.
The scandal has reverberated through Argentina's financial sector, causing a 27-point drop in the risk index and initially affecting the S&P Merval index, which recovered on Tuesday, showing a 6% increase.
Moreover, average over-the-counter sovereign debt weakened by 0.5%.
Financial analyst Miguel Boggiano remarked, "The $LIBRA scandal made waves worldwide."
Economy Minister Luis Caputo insisted to local media on Monday that there was no fraud, crime, or corruption involved, and he expressed confidence in Argentina's financial direction.
Meanwhile, Milei is scheduled to visit Washington on Wednesday and meet with IMF director Kristalina Georgieva on Thursday.