President of Argentina denies promoting fraud Libra Memecoin

Argentine President Javier Miley rejected claims that he was supported by memecoin scales, which recently saw a dramatic pump and garbage, leaving investors with great losses.

As reported by Tier10k on X, Miley said he just shared the token information and never encouraged people to invest in it. He reduced the impact on Argentina, saying that only a handful of local investors – about four or five-hits. He noted that most of the merchants from China and the USA were involved

Contrary to reports that 44,000 investors were affected, Miley said the real number was closer to 5,000, most of whom experienced traders took risks. According to him, the library question was a private financial matter, not something that included the government.

Miley also clarified that Haiden Davis, one of the data behind the scales, had proposed Creating the structure of financing entrepreneurs who are struggling to ensure financing due to non-formal economic conditions. The initiative saw as something positive and simply helped the spread of words.

Despite the Branjion of his proceedings, Miley recognized a political return role and lessons he learned from controversy.

“I didn’t mistake because I behaved in good faith. But when I look at the political consequences, I realize I have something to learn. I have to be president, I continued to act like the same Javier Miley as before. Unfortunately This situation shows me that I have to raise my filters and doesn’t seem so available. “

Argentine President Javier Miley

The scales received huge attention after Miley mentioned this public, which contributed to his rapid price increase from zero to over $ 4. Its value quickly pastoral to less than 50 cents leading to market manipulation speculation. Early investors are reported, redeemed over 100 million dollars, leaving later purchases with significant losses.

Political tensions increased in Argentina as a result of the incident, and the resort leaders invite Miley to remove from the functions for alleged deception of people. The anti-corruption office of the nation currently conducts a separate investigation next to the legal probe led by Federal Judges Maria Servini.

S & P Merval index fell For about 5% as a result of the scandal, which also rocked the financial markets of Argentina. Although Miley insists that he did nothing wrong, the debate still goes strong and his administration comes under more supervision.