Argentinian President Javier Milei faces scrutiny over his alleged involvement with the cryptocurrency $LIBRA, which rapidly rose and fell, costing investors significantly. A federal judge has started an investigation into whether Milei's actions were illegal, particularly focusing on his social media promotion of the cryptocurrency. Despite initial success in market capitalization, the cryptocurrency's value quickly collapsed, prompting accusations of a scam. Following the drop, Milei's office distanced him from the cryptocurrency, asserting he was not involved in its development, although promoting business initiatives is part of his agenda.
Critics worry that President Javier Milei might face impeachment due to his alleged involvement in the rise and fall of the cryptocurrency $LIBRA.
Federal Judge Maria Servini is conducting an investigation into Milei's potential illegal actions regarding the cryptocurrency $LIBRA, amid accusations of fraud.
Despite promoting $LIBRA as a tool for economic growth, the cryptocurrency's value plummeted, leading critics to suspect foul play akin to a rug pull scam.
Milei's office released a statement, clarifying that the president had no direct involvement in $LIBRA's development despite previously promoting its potential benefits.
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