Javier Milei's rise in Argentina was rooted in his economic expertise, but a lawsuit over the $LIBRA cryptocurrency scandal threatens his credibility. The currency, endorsed by Milei, attracted around $100 million from investors before plummeting in value after allegations of a scam. As accusations mount that he misled small investors, Milei confronts significant political and legal ramifications that could undermine his administration’s economic agenda and diminish public trust in his capabilities as president.
Milei endorsed $LIBRA, which is a meme coin, in a social media post on February 14. During the time the tweet remained pinned to Milei's account, $LIBRA quickly rose in value from $0.000001 to $5.20.
The case has both political and legal implications. While it will be difficult to establish direct legal responsibility on Milei's part, the political damage has already been done.
Collection
[
|
...
]