Argentine President Javier Milei has denied involvement in the $LIBRA cryptocurrency crash that led to significant investor losses. He claims he acted in good faith, disregarding accusations of fraud. As investigations unfold, Milei’s credibility and future are at stake amid harsh criticism from political opponents, with impeachment proceedings and financial repercussions on the horizon.
Argentine President Javier Milei has denied any involvement in the controversy surrounding the $LIBRA cryptocurrency, which experienced a significant drop, resulting in substantial financial losses for investors. During an interview with broadcaster TN, Milei stated, “I did not promote it, I spread it,” indicating that the issue at hand rests between private individuals without state involvement. He defended his actions, asserting, “I acted in good faith.”
Prosecutors in Argentina are poised to investigate Milei’s praise of the cryptocurrency, which may involve allegations of fraud, criminal association, or failure to fulfill official duties. Reports suggest that the cryptocurrency’s value skyrocketed, followed by a swift decline, leading Milei to retract his endorsement hours later, admitting his initial support was a mistake. Critics allege that the project resembled a Ponzi scheme or scam, raising concerns about investor protection.
Various political and economic figures, including former President Cristina Kirchner, have criticized Milei, labeling him a “crypto-scammer.” Following this controversy, opposition parliamentarians announced plans to initiate impeachment proceedings against him. Additionally, there are efforts to form a special parliamentary commission to scrutinize Milei’s actions further.
The Buenos Aires Stock Exchange experienced a notable drop of 5.58 percent following the cryptocurrency’s tumultuous performance, with certain stocks plummeting by up to eight percent. The presidency has directed the Anti-Corruption Office to investigate potential misconduct, along with the establishment of a task force focusing on the launch of the $LIBRA cryptocurrency and its associates.
Political analysts suggest that this scandal could diminish Milei’s credibility, despite ongoing popular support for his anti-inflation measures. Meanwhile, Milei continues to fulfill his responsibilities, recently meeting with U.S. Senator Steve Daines in Buenos Aires, prior to his upcoming visit to the United States.
In summary, President Javier Milei faces serious allegations linked to the $LIBRA cryptocurrency’s crash, prompting an investigation into his role and potential misconduct. Despite his assertions of innocence and good faith, criticism from political opponents has intensified, raising questions about his governance and credibility. The ongoing investigation will determine the extent of any wrongdoing, as Milei strives to maintain his responsibilities amid growing scrutiny.
Original Source: www.wyomingnewsnow.tv
