- Argentine President Javier Milei retweeted a post about LIBRA.
- The token price surged 60% following his tweet.
- Milei insists he acted in good faith and denies any financial ties to the project.
President Javier Milei has again raised eyebrows with his latest action. He retweeted a post guiding users on how to buy LIBRA. The token has faced controversy due to previous allegations of fraud.
His tweet had a significant impact on the token’s value. The LIBRA price surged by 60% following the post. This move has reignited debates about his true connection to the project.
Intended Course or Just Coincidence?
Milei had earlier distanced himself from LIBRA. He insisted he had no ties to the project. However, his latest action contradicts his previous stance.
The controversy intensified after Hayden Davis made a shocking admission. Davis, a key member of the LIBRA team, confirmed selling the token’s liquidity pool. Reports indicate he earned over $100 million from the launch.
Milei’s involvement has sparked outrage in the crypto space. Many believe his actions have damaged his reputation. Some critics even claim he knowingly participated in the LIBRA scam.
Milei Says Tweet Was in Good Faith
Milei has defended his actions despite the growing backlash. He stated he only intended to encourage innovation. The president made this claim during an interview with Todo Noticias.
He argued he was not promoting LIBRA but merely sharing information. Due to heavy criticism, he later deleted the tweet. However, the damage was already done.
Milei also downplayed the financial losses suffered by investors. He argued that most affected users were bots. He estimated that only 5,000 real people lost money in the rug pull.
Political Repercussions and Denials
The scandal has led to political consequences for the president. Some opposition leaders are now pushing for his impeachment. They argue that his actions show a conflict of interest.
Meanwhile, the KIP Protocol has denied any connection to LIBRA. This denial has further complicated the controversy. As investigations continue, the truth behind Milei’s involvement remains unclear.
