Argentina Judge to Investigate Milei’s $LIBRA Endorsement Amid Market Decline
A federal judge in Argentina will probe President Javier Milei over a cryptocurrency scandal linked to his endorsement of $LIBRA. The announcement on X led to a temporary rally in its value, but subsequently caused a drop in the country’s stock index, raising concerns about the administration’s financial practices.
On February 18, 2025, it was reported that Argentina’s federal judge will investigate a cryptocurrency scandal involving President Javier Milei. The scandal arose after President Milei publicly endorsed an obscure crypto coin named $LIBRA in a post on the platform X, which triggered a brief surge in its value. Following this announcement, Argentina’s stock index experienced a decline, reflecting concerns over the implications of this endorsement amid ongoing scrutiny of the administration’s financial dealings.
The investigation into the $LIBRA cryptocurrency endorsement by President Milei highlights ongoing concerns about financial governance in Argentina. The market response, illustrated by the fall in the stock index, suggests significant apprehension among investors regarding the implications of such endorsements by national leaders.
Original Source: www.moneycontrol.com
