Argentina's President Milei Refutes Allegations of Crypto Fraud

Argentine President Javier Milei has denied promoting the $Libra cryptocurrency, which collapsed shortly after he mentioned it in a social media post. The coin saw a brief surge in value before crashing, causing significant losses for investors.

Milei defended his actions, saying he shared the link in "good faith" without endorsing it and compared investors’ losses to gambling. He later deleted the post after realizing he lacked details about the project.

Opposition critics have accused him of involvement in a "rug pull" scam and are considering impeachment. A judge will decide if fraud charges against Milei will proceed. Despite the controversy, Milei remains defiant, insisting that investors knowingly took on the risks.