Argentina’s President Javier Milei faces backlash after endorsing $LIBRA cryptocurrency, which rose and then crashed, causing major investor losses. Opposition demands his removal, while Milei launched an investigation into possible misconduct. His defense emphasizes the right to free expression amid controversy.
President Javier Milei of Argentina has faced severe criticism following his endorsement of the $LIBRA cryptocurrency, which experienced a dramatic rise in value before crashing. This led to significant financial losses for numerous investors. On February 14, Milei expressed support for $LIBRA on his social media, stating it would aid the Argentine economy.
The endorsement resulted in an initial surge in the coin’s price, but shortly thereafter, the currency collapsed, prompting Milei to delete his post and admit he was unaware of the project’s specifics until informed.
In light of the backlash, opposition leaders are demanding Milei’s removal, claiming he promoted a fraudulent scheme. Despite some voices calling for impeachment, the presidency has initiated an investigation to assess any wrongdoing by government officials, including Milei himself.
Defending the president, Security Minister Patricia Bullrich emphasized Milei’s right to express his opinions, asserting, “The president has the freedom of expression to raise the issues he wants.” The controversy marks a challenging period for Milei as public trust wanes regarding his endorsements and financial advice.
The backlash against President Javier Milei stems from his cryptocurrency endorsement that led to significant investor losses. Amid calls for his removal by the opposition, investigative measures have begun to evaluate potential misconduct. The situation highlights the need for due diligence in financial endorsements and raises questions about accountability in government communications.
Original Source: www.aa.com.tr
