The Argentinian president, Javier Milei, is going through the toughest moment of his short but remarkable political career. He is facing impeachment calls – as well as legal action – over his promotion of a cryptocurrency on social media.
The cryptocoin $Libra, which Milei mentioned in a social media post on February 14, quickly rose in value before nosediving, causing severe losses for people who had invested in it. Milei has insisted that his post did not constitute an endorsement.
“I’m a techno-optimist … and this was proposed to me as an instrument to help fund Argentine projects,” he said in a television interview. “It’s true that in trying to help out those Argentines, I took a slap in the face.”
