Argentina's President Javier Milei has stirred controversy by endorsing an unknown cryptocurrency token named $LIBRA. Although his endorsement initially led to a spike in its value, it quickly plummeted as skepticism arose regarding its legitimacy. After the backlash, Milei deleted his social media post about the coin and asserted his lack of familiarity with the project. This incident has drawn parallels to former President Trump's promotion of a similar memecoin, sparking significant political debate and calls for an investigation into the matter.
Javier Milei's promotion of $LIBRA, an unknown cryptocurrency, initially surged before crashing, prompting backlash and allegations of promoting a scam.
After endorsing $LIBRA, which he claimed would boost the economy, Milei deleted his post and distanced himself amid fears the token was a scam.
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