Crypto Chaos: How Milei’s Memecoin Madness Left Investors in Tears! 😂💸

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Oh, what a jolly pickle we find ourselves in! The Argentine President, Javier Milei, has been given a shiny gold star by the Anti-Corruption Office, declaring he didn’t break a single presidential rule when he cheerfully promoted the Libra memecoin. How delightful! 🎉

In a rather cheeky resolution dated June 5, the office proclaimed that Milei was merely acting as a private citizen when he endorsed the Libra (LIBRA) token in a post on February 14. So, no harm, no foul, right? Well, not quite! This little endorsement supposedly led to investors losing a whopping $251 million! Oopsie daisy! 😱

Just after Milei’s post, LIBRA soared to a market cap of $4 billion, only to plummet like a lead balloon—down a staggering 94% just hours later! It’s almost as if it was a classic crypto pump-and-dump! What a show! 🎭

Milei’s Private Opinions: A Comedy of Errors

The Anti-Corruption Office, in their infinite wisdom, declared that no public resources were used in this little escapade. They noted that Milei has been sharing his thoughts on X since 2015, long before he donned the presidential crown. How very democratic! 🥳

“While his account sometimes mentions public policies, it’s all in good fun, functioning as a platform for his personal musings,” they said. How charming! It’s just like any citizen expressing their political ideas, right? Well, sort of! 🤔

Milei, ever the gentleman, has denied any wrongdoing, claiming he didn’t promote the LIBRA memecoin but merely “spread the word.” A noble endeavor, indeed! 📣

But wait! Despite the Anti-Corruption Office’s cheerful decision, a federal criminal court is still poking around, investigating Milei’s role in this crypto caper. How thrilling! 🔍

Task Force? What Task Force?

On May 19, our dear Milei signed a decree to dissolve a task force that was supposed to investigate the Libra scandal. How convenient! No action was taken against him or any other officials involved. It’s almost as if they were playing a game of hide and seek! 🙈

Critics, however, are not amused. They claim the investigation was as real as a unicorn! “It was always a fake, they never dared to investigate anything at all,” said Itai Hagman, an economist and member of the Chamber of Deputies. Sounds like a right mess! 🦄

Milei’s Image: A Bit of a Tumble

Data from polling platform Zuban Córdoba in March revealed that the Libra scandal has left a nasty stain on Milei’s image. His approval rating took a nosedive from 47.3% in November to a mere 41.6% in March. Oh dear! What will the voters think? 🤷‍♂️

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2025-06-09 06:49