Argentina’s Milei Denies Wrongdoing as Libra Memecoin Scandal Sparks Lawsuits, Political Backlash

Benzinga

President Javier Milei addressed the growing controversy surrounding his involvement with the Libra memecoin. The token surged in value before crashing, triggering investor losses, lawsuits, and calls for his impeachment. Milei admitted to meeting with the coin’s creators but denied intending to influence purchases, claiming he sought to promote crypto-backed support for Argentine businesses. The government has launched an internal investigation, while Milei’s opponents seize on the crisis.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02President Javier Mele addressed the growing controversy surrounding his involvement with

00:06the Libra meme coin. The token surged in value before crashing, triggering investor losses,

00:11lawsuits, and calls for his impeachment. Mele admitted to meeting with the coin's creators,

00:15but denied intending to influence purchases, claiming he sought to promote crypto-backed

00:20support for Argentine businesses. The government has launched an

00:25internal investigation while Mele's opponents seize on the crisis.

00:29For all things money, visit Benzinga.com slash GSTV.

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