The president of Argentina faces the scandal of more than $ Libra Crypto Promotion

President Javier Milei denied direct participation in $ LIBRA, but could face a demand, investigation and political trial.

The Argentine president, Javier Milei, faces investigations and threats of political judgment on his promotion of a cryptocurrency in social networks.

The president’s office He said that Milei communicated about a memecoin, $ Libra, on his account X on February 14, but soon eliminated the tweet.

The full title and website of the cryptocurrency are named after one of the president’s slogans, “Long live freedom”, and the official website of the project states that the Token was created to honor Milei’s libertarian ideals.

The elimination of the tweet coincided with a drop in the price of $ LIBRA and millions of dollars in investor losses, according to a AP reportAnd Milei himself now faces a fraud demand on what the plaintiffs call a carpet.

Milei could also face a dismissal trial in the Congress led by the opposition, according to separate reports from Reuters.

In addition, Argentina’s anti -corruption office (OA) will investigate whether Milei and other government members took inappropriate measures, while a working group will investigate other parts involved with the launch of the Token.

The president’s office denied that Milei was directly involved in the creation of $ Libra, but admitted that he participated in two meetings.

Milei allegedly held an official meeting registered with members of the KIP protocol in October, where he was informed of a blockchain project called “Live La Libertad.” Later, in January, Milei held a meeting with the Kelsier Ventures CEO, Hayden Mark Davis, whom the KIP protocol had allegedly presented as a partner.

KIP protocol counteracted several details presented by the president’s office. He said that the October meeting simply took place outside a fair and did not refer to any specific initiative, including $ LIBRA or any tokens launch.

The KIP protocol added that it was not aware and was not involved in the January meeting. He denied that he presented Davis as a partner or employed it at any time.

In addition, the Kip protocol did not know the project that would become $ Libra until February 13 and told him that he would play a role after launch. He stressed that he did not participate in the launch, nor received tokens or obtained profits.

Hayden Mark Davis, meanwhile, has denied that The project was a carpet. He states that he still has $ 100 million for $ Libra in his custody.

Davis made those comments in an interview with the YouTube presenter Coffeezilla, where he also responded to criticism about the use of his team of a commercial strategy called “Sniping.” Davis said his team took that course of action to prevent bad actors from abusing the same strategy to manipulate the price of $ Libra.

Davis faces an additional controversy about an alleged payment to Milei’s sister to influence the president before the launch of $ Libra.