Javier Milei clarified he did not promote but merely shared information about the $LIBRA token, emphasizing his techno-optimism for supporting entrepreneurs. He refuted claims of widespread investor impact, asserting only a small number may have been affected. Milei warned that legal investigations could have serious consequences for his administration.
Argentina’s President, Javier Milei, is addressing allegations related to his involvement with the $LIBRA token, clarifying that he merely shared information rather than promoting it. In an interview with Jonatan Viale on TN’s “¿La Ves?”, he emphasized that his actions stemmed from a place of techno-optimism, aimed at supporting technological entrepreneurs. Milei expressed that he acted in good faith amidst criticism, stating, “I acted in good faith and I got slapped.”
The president met with Hayden Mark Davis in October 2024, where they discussed creating financing solutions for entrepreneurs. According to Milei, he merely spread information about $LIBRA when it was made public, asserting that the initiative had limited consequences for investors in Argentina, with most coming from abroad. “I didn’t promote it, I shared it,” he reiterated, defending his intentions to boost entrepreneurial financing.
Milei contested claims suggesting that 44,000 investors were adversely affected, asserting the true number was likely around 5,000, primarily volatility traders. He clarified that participants were aware of the associated risks with such investments. Though he denied any government interference, he indicated that “if the justice system determines otherwise, heads will roll,” highlighting the seriousness of the potential legal repercussions.
This ongoing controversy has provoked discussions of impeachment and raised concerns about the credibility of his administration. As events unfold, the implications of this situation on Milei’s presidency and the cryptocurrency market in Argentina remain to be seen.
In conclusion, President Javier Milei has clarified that his involvement with the $LIBRA token was not promotional but informational, stemming from his support for technological advancements. He minimized claims of significant investor impact, asserting that most involved were aware of the risks. The situation has legal implications, and ongoing scrutiny could influence his presidency and investor confidence in Argentina’s cryptocurrency landscape.
Original Source: cryptobriefing.com
