1. Controversy Over $Libra Cryptocurrency: President Javier Milei faced backlash after his social media post about a newly launched cryptocurrency, $Libra. The post triggered a surge in $Libra’s value, but soon after, the coin’s price plummeted, leading to heavy financial losses for investors.
2. Allegations of Fraud: Following the crash, several investors accused Milei of misleading them. Legal authorities are now investigating the matter. A federal judge will determine if Milei should face fraud charges.
3. Milei’s Defense: In an interview with Todo Noticias, Milei denied endorsing $Libra. He claimed his post merely shared information and was not promotional. He defended his actions, stating that investors were aware of the risks, likening the situation to gambling losses.
4. Political Fallout: Opposition parties criticized Milei and called for impeachment proceedings. While political experts believe impeachment is unlikely, the scandal risks distracting Milei from his reform agenda.
5. Government Response: The presidential office clarified that Milei had no involvement in $Libra’s development. The Anti-Corruption Office will review the president’s conduct.
6. Current Legal Status: The investigation is ongoing. Milei remains defiant, insisting he has “nothing to hide.”
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Conclusion: While Milei denies wrongdoing, legal and political uncertainties continue to surround the $Libra incident. The outcome could impact his presidency and Argentina’s political landscape.
