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Argentina's President Pleads Not Guilty in Libra Cryptocurrency Ad

Argentina's President Pleads Not Guilty in Libra Cryptocurrency Ad

HappyCoinNewsHappyCoinNews2025/02/19 11:22
By:HappyCoinNews

Argentine President Javier Miley has pleaded not guilty to promoting the fraudulent cryptocurrency Libra (LIBRA), which has caused huge losses to its owners.

After Miley posted about Libra, the rate of the digital asset issued on the network Solana (SOL), has grown several times. However, after the post about this coin was deleted, its price fell by 94%. Because of this, on February 16, Argentine lawyers filed a lawsuit against Javier and accused him of fraud. According to them, the head of the country participated in the implementation of a scheme to manipulate the value of cryptocurrency, known as pump and dump.

However, the Argentine president maintains his innocence and claims that he did not promote Libra, but merely “spread information” about the token. According to Javier, he acted with good intentions and has nothing to hide. In response to the claim that about 44,000 people suffered at the hands of the scammers who issued Libra, Miley said that the vast majority of the alleged victims of the attackers turned out to be bots, and the worst-case scenario is 5,000 victims.

Look where you have led us with your reckless behavior. You have turned Argentina into a casino where the president himself is the croupier. And you call this a free market. You have torn off your mask, former Argentine President Cristina Kirchner addressed Miley.

Argentina's President Pleads Not Guilty in Libra Cryptocurrency Ad image 0

Christina Kirchner

Now Javier is not only facing trial, but also losing the presidential seat he won in 2023 by winning the elections. The fact is that members of the opposition party "Union for the Homeland" want to impeach Miley so that he does not disgrace Argentina internationally.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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