Home Law & Crime Argentina’s President Milei Cryptocurrency Scandal, Faces Political Turmoil

Argentina’s President Milei Cryptocurrency Scandal, Faces Political Turmoil

by Sonia Park
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Argentina's President Milei Cryptocurrency Scandal, Faces Political Turmoil

President Javier Milei is embroiled in a significant political crisis following his promotion of the cryptocurrency $LIBRA, which has been labeled a fraudulent scheme. The incident has led to widespread financial losses among investors and has prompted legal and political challenges against the president.

https://youtu.be/-M0GHBn1m9o

On February 14, 2025, President Milei endorsed $LIBRA through his social media channels, leading to a rapid surge in the cryptocurrency's value. However, shortly thereafter, major stakeholders withdrew approximately $90 million, causing the currency's value to plummet and leaving numerous investors with substantial losses. . .

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