Argentina’s President Javier Milei is facing backlash after endorsing the cryptocurrency $LIBRA, which spiked and then quickly crashed. His now-deleted post claimed the token would boost Argentina’s economy, but after warnings of a potential scam, he distanced himself and launched an investigation.
Opposition leaders slammed Milei, likening the fiasco to political manipulation and demanding a congressional probe. His administration insists it was routine business promotion, but investors suffered major losses.
As Argentina grapples with economic instability, this incident highlights the risks of political figures engaging with volatile financial markets.
Source: https://www.nytimes.com/2025/02/15/world/americas/argentina-milei-crypto-trump.html