Argentina’s president, Javier Milei, has passionately denied the idea that he promoted the short-lived *Libra token*—a digital currency as stable as my New Year’s resolutions. Shockingly, the token crashed in record time, leaving Milei knee-deep in fraud accusations and whispers of impeachment. But hey, what’s politics without a splash of drama? 🤷♀️
“I didn’t promote anything! I merely spread the word,” Milei clarified in what felt like a live audition for a courtroom drama during a Feb. 17 interview with Todo Noticias. This was his first public comment since the calamity—fondly tagged “Libragate” by the local media. Because every catastrophe needs a catchy hashtag, right?
The Libertad project’s Solana-based Libra (LIBRA) soared to a $4.56 billion market cap on Feb. 14 after Milei gave it all the social media love. But cupid’s arrow was a booby trap. He deleted the post faster than I delete emails from my ex, and the token promptly took a 94% nosedive. Hello, pump-and-dump allegations! 💣
While insisting he’s as transparent as a window just cleaned by your overly meticulous neighbor, Milei admitted, “I have stuff to learn.” Spoiler alert: That “stuff” includes figuring out which libertarian ships to jump aboard before they sink. 🛳️
The president, however, threw a curveball: “The state has no involvement here. Stay out of my crypto business!” 🎤 Drop. And when queried about the allegedly 44,000 crushed investors? “Psh, bots,” he shrugged, adding, “At best, maybe 5,000 real people were affected—though probably not even Argentines.” Oh, relief—displacing financial woes abroad is so comforting. 🌎
“The chances of Argentines being involved? Very, very remote.” – Milei, blending denial with optimism like a chef on caffeine.
Meanwhile, María Fernanda Juppet, CEO of Argentine crypto exchange CryptoMKT, was quick to separate the nation’s love affair with crypto from its complicated political dynamics: “This drama’s a political soap opera, not the end of Argentina’s crypto adoption.” Clearly, the market’s gone drama-proof. 🎭
“It’s not about rejecting tech or changing how money works—it’s about the political circus that follows token launches!” she explained while probably sipping yerba mate like a seasoned spokesperson.
For his part, Milei initially praised LIBRA as a lifeline for Argentina’s struggling economy. He was, however, pretty vague on details, saying he had next to no idea about the Solana project but found it *sounded cool.* Yes, folks, national cryptocurrency policies now hinge on vibes. 🌈
Interestingly, he did meet KIP Protocol representatives last October. According to Milei, they gave him a friendly, *very casual* briefing about some blockchain business. KIP itself denies inventing LIBRA or playing token puppeteer, stating firmly, “We’re just a tech firm, okay?!” Julian Peh, KIP’s CEO, emphasized he never even talked token launches with Milei—probably too busy explaining blockchain to anyone who’d listen. ⏳
Eager to distance itself from the LIBRA dumpster fire, KIP candidly explained that their job involved distributing funds—not playing token monopoly. As the Twitter (or should I say X?) discussions continue on febrile speeds, the memecoin insiders were already in the know, two weeks pre-crash. All the drama yet no traceable insider trading? Sounds fishier than a late-night sushi special. 🐟
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2025-02-18 06:39