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Could a crypto scam sink Milei?

Summary by GZERO Media
Argentina’s flamboyant libertarian President Javier Milei is at the center of a cryptocurrency scandal that’s already having legal consequences. Whether there will be political consequences remains to be seen. Milei promoted a new cryptocurrency called $LIBRA on X last Friday, writing in a now-deleted post that the coin was aimed at “encouraging economic growth by funding small businesses and startups.” Milei also shared a link to something call…

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The Argentine president at the center of a possible virtual scam with the meme-coin $LIBRA

·Italy
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The data is derived from a survey conducted by Giaccobbe, in which it is also stated that 51.3% want Javier Milei to win the legislative elections. How much “lost” Milei in the “affaire $LIBRA”. Read more

·Buenos Aires, Argentina
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"It is a phenomenal scandal and we have to investigate thoroughly. We ask the president for the political trial," explained Germán Martínez, deputy of Union for the Homeland.

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Buenos Aires, Argentina. The "cryptogate" that shakes the Argentine political universe began when President Javier Milei, an ultraliberal economist who boasts of having contained the endemic Argentine inflation, promoted "in good faith" a cryptocurrency that in two hours collapsed with multimillion dollar losses. What happened? On Friday afternoon, Milei promoted (or disseminated, according to his version) on social networks the "memecoin" $LIBR…

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udgtv broke the news in on Tuesday, February 18, 2025.
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