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Argentina Launches LIBRA Investigation, Senior Officials May Be Involved The Argentine Congress has recently ignited a cryptocurrency storm! The House of Representatives has passed several resolutions with a high vote, officially launching a comprehensive investigation into the LIBRA cryptocurrency collapse. This shocking event that has shaken the financial sector may now implicate President Javier Milei, making him an important party in this investigation. The Argentine House of Representatives passed a resolution with 128 votes in favor, 93 against, and 7 abstentions, deciding to establish a special committee to summon government representatives and request detailed documents regarding the cryptocurrency collapse. This move also reflects the political pressure currently faced by the case. Members of the House of Representatives' special committee also approved a bill requiring the summoning of senior officials from the executive branch, including Minister of Economy Luis Caputo, Chief of Staff Guillermo Francos, Minister of Justice Mariano Cúneo Libarona, and Chairman of the National Securities Commission Roberto Silva. This resolution was ultimately passed by a narrow margin of 131 votes in favor and 96 against. The House of Representatives also passed a third resolution requiring the executive branch to submit detailed information about the LIBRA token, which passed with 135 votes in favor, 84 against, and 7 abstentions. Gabriel Bornoroni, leader of the Freedom Vanguard Party (La Libertad Avanza), refuted the opposition's actions. He claimed that the opposition merely wants to disrupt the government's process and that the government has achieved a fiscal surplus in 2024. He also claimed that under the current government's leadership, inflation has been steadily declining. Legal actions against LIBRA founder Haydone Davis are also underway. On March 13, Argentine lawyer Gregorio Dalbon requested Interpol to issue a red notice for Davis. It is reported that Davis's company, Kelsier Ventures, launched the LIBRA token in February of this year. Reports indicate that Argentine prosecutors have identified Davis as the primary person responsible for the token's collapse and the resulting widespread financial losses. This scandal has now crossed international borders, with the large cryptocurrency law firm Burwick Law taking legal action aimed at recovering profits and providing compensation to affected American investors. What does everyone think about this LIBRA collapse event? Do you think the investigation results will provide a satisfactory explanation to the public? #LIBRA #阿根廷 #加密货币
Argentina Launches LIBRA Investigation, Senior Officials May Be Involved

The Argentine Congress has recently ignited a cryptocurrency storm! The House of Representatives has passed several resolutions with a high vote, officially launching a comprehensive investigation into the LIBRA cryptocurrency collapse.

This shocking event that has shaken the financial sector may now implicate President Javier Milei, making him an important party in this investigation.

The Argentine House of Representatives passed a resolution with 128 votes in favor, 93 against, and 7 abstentions, deciding to establish a special committee to summon government representatives and request detailed documents regarding the cryptocurrency collapse. This move also reflects the political pressure currently faced by the case.

Members of the House of Representatives' special committee also approved a bill requiring the summoning of senior officials from the executive branch, including Minister of Economy Luis Caputo, Chief of Staff Guillermo Francos, Minister of Justice Mariano Cúneo Libarona, and Chairman of the National Securities Commission Roberto Silva. This resolution was ultimately passed by a narrow margin of 131 votes in favor and 96 against.

The House of Representatives also passed a third resolution requiring the executive branch to submit detailed information about the LIBRA token, which passed with 135 votes in favor, 84 against, and 7 abstentions.

Gabriel Bornoroni, leader of the Freedom Vanguard Party (La Libertad Avanza), refuted the opposition's actions. He claimed that the opposition merely wants to disrupt the government's process and that the government has achieved a fiscal surplus in 2024. He also claimed that under the current government's leadership, inflation has been steadily declining.

Legal actions against LIBRA founder Haydone Davis are also underway. On March 13, Argentine lawyer Gregorio Dalbon requested Interpol to issue a red notice for Davis.

It is reported that Davis's company, Kelsier Ventures, launched the LIBRA token in February of this year. Reports indicate that Argentine prosecutors have identified Davis as the primary person responsible for the token's collapse and the resulting widespread financial losses.

This scandal has now crossed international borders, with the large cryptocurrency law firm Burwick Law taking legal action aimed at recovering profits and providing compensation to affected American investors.

What does everyone think about this LIBRA collapse event? Do you think the investigation results will provide a satisfactory explanation to the public?

#LIBRA #阿根廷 #加密货币
🚨️The sister of the President of Argentina is accused of receiving promotion fees for Libra tokens? Another big scoop from Argentina! According to local media, Hayden Davis, one of the co-founders of Libra tokens, boasted that he had paid the sister of Argentine President Javier Milei to have the president help promote Libra, this memecoin. If this is true, it would be explosive! On February 18, Spain's 'El País' revealed an exclusive report disclosing the content of a text message Davis had sent to an executive of a crypto investment company. In the message, Davis claimed he could 'influence' the President of Argentina because he had provided financial support to the president's sister. He also bragged about his ability to manipulate politician Milei into tweeting and arranging his participation in events and promotions. However, the crypto investment company ultimately rejected Davis's proposal. Later, Davis sent a message stating, 'I sent money to his sister, so the president would act according to my wishes.' If this accusation is substantiated, it could turn into a serious bribery case. However, Davis's spokesperson told the media that Davis does not remember sending this message and that there are no relevant records on his phone. Davis also denied ever paying anything to President Javier or his sister Karina Milei. It is reported that Davis and Kelsier Venture Capital are among the biggest winners of the LIBRA token issuance, claiming to have netted about $100 million. However, Davis stated that he does not own these tokens and will not sell them. The market capitalization of LIBRA reached $4.5 billion at its peak but then plummeted by about 95% shortly after. In response, Milei claimed that he did not 'promote' LIBRA tokens; he merely 'spread information about it' in good faith. Milei stated that he has gained 'insight' from this experience and realizes he needs to 'start screening' which behaviors are appropriate and which are not. In short, this situation is escalating, and what do you think is really behind it? Is Davis's text message content true? I believe time will give us the answer!  #Libra #阿根廷 #加密货币 #贿赂门
🚨️The sister of the President of Argentina is accused of receiving promotion fees for Libra tokens?

Another big scoop from Argentina! According to local media, Hayden Davis, one of the co-founders of Libra tokens, boasted that he had paid the sister of Argentine President Javier Milei to have the president help promote Libra, this memecoin. If this is true, it would be explosive!

On February 18, Spain's 'El País' revealed an exclusive report disclosing the content of a text message Davis had sent to an executive of a crypto investment company. In the message, Davis claimed he could 'influence' the President of Argentina because he had provided financial support to the president's sister.

He also bragged about his ability to manipulate politician Milei into tweeting and arranging his participation in events and promotions. However, the crypto investment company ultimately rejected Davis's proposal.

Later, Davis sent a message stating, 'I sent money to his sister, so the president would act according to my wishes.' If this accusation is substantiated, it could turn into a serious bribery case.

However, Davis's spokesperson told the media that Davis does not remember sending this message and that there are no relevant records on his phone. Davis also denied ever paying anything to President Javier or his sister Karina Milei.

It is reported that Davis and Kelsier Venture Capital are among the biggest winners of the LIBRA token issuance, claiming to have netted about $100 million. However, Davis stated that he does not own these tokens and will not sell them.

The market capitalization of LIBRA reached $4.5 billion at its peak but then plummeted by about 95% shortly after.

In response, Milei claimed that he did not 'promote' LIBRA tokens; he merely 'spread information about it' in good faith.

Milei stated that he has gained 'insight' from this experience and realizes he needs to 'start screening' which behaviors are appropriate and which are not.

In short, this situation is escalating, and what do you think is really behind it? Is Davis's text message content true? I believe time will give us the answer!

 #Libra #阿根廷 #加密货币 #贿赂门
According to #Artemis data, the total capitalization of stablecoins has exceeded $215 billion, of which $140 billion is #Tether . ➡️ Almost 80% of crypto investors out of 1,066 respondents surveyed by Chainplay analysts invested in presidentially approved meme coins #TRUMP #CAR and #libra . Two-thirds of them lost money on this. $SOL $BNB $ETH
According to #Artemis data, the total capitalization of stablecoins has exceeded $215 billion, of which $140 billion is #Tether .

➡️ Almost 80% of crypto investors out of 1,066 respondents surveyed by Chainplay analysts invested in presidentially approved meme coins #TRUMP #CAR and #libra . Two-thirds of them lost money on this.
$SOL $BNB $ETH
Midday News Update #Web3 💰 #LIBRA Team Profits: LookOnChain reveals 8 team wallets secured $107M total, including 57.6M USDC and 249,671 SOL (~$49.7M) through liquidity operations and fees. 🚨 KIP Protocol Clarifies: Development team behind LIBRA distances from President Milei, stating project is private enterprise despite earlier presidential tweet (now deleted) about token contract. 🎯 #BNB Chain's Memecoin Initiative: Launches $4.4M liquidity support plan starting Feb 18, targeting qualified memecoins with permanent liquidity injection. Requirements include $1M+ market cap and 1000+ active holders. 📊 $ETH ETF Update: Total net inflow hits $11.65M on Feb 14, led by Fidelity's FETH ($11.65M). Total ETF assets reach $10.35B, representing 3.15% of ETH market cap. 📉 Goldman's #GBTC Position: Holdings reduced to $3.6M as firm increases BlackRock and Fidelity Bitcoin ETF exposure. GBTC's BTC holdings drop to ~200,000 ($19.45B). #LIBRA #KIP #bnb #CryptoNews
Midday News Update #Web3

💰 #LIBRA Team Profits: LookOnChain reveals 8 team wallets secured $107M total, including 57.6M USDC and 249,671 SOL (~$49.7M) through liquidity operations and fees.

🚨 KIP Protocol Clarifies: Development team behind LIBRA distances from President Milei, stating project is private enterprise despite earlier presidential tweet (now deleted) about token contract.

🎯 #BNB Chain's Memecoin Initiative: Launches $4.4M liquidity support plan starting Feb 18, targeting qualified memecoins with permanent liquidity injection. Requirements include $1M+ market cap and 1000+ active holders.

📊 $ETH ETF Update: Total net inflow hits $11.65M on Feb 14, led by Fidelity's FETH ($11.65M). Total ETF assets reach $10.35B, representing 3.15% of ETH market cap.

📉 Goldman's #GBTC Position: Holdings reduced to $3.6M as firm increases BlackRock and Fidelity Bitcoin ETF exposure. GBTC's BTC holdings drop to ~200,000 ($19.45B).

#LIBRA #KIP #bnb #CryptoNews
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Bearish
🌝 The President of Argentina launched a meme coin worth $4.5 billion – and immediately distanced himself Last night, Javier Milei posted the token contract for LIBRA. Within 30 minutes, the market capitalization grew to $4.5 billion! But after 6 hours, Milei deleted the post and stated that he does not support the project. According to him, he was unaware of the details and blames the opposition for everything. 🥲 As a result, LIBRA collapsed by 99%, and one whale lost $5 million in just a couple of hours. #libra
🌝 The President of Argentina launched a meme coin worth $4.5 billion – and immediately distanced himself

Last night, Javier Milei posted the token contract for LIBRA. Within 30 minutes, the market capitalization grew to $4.5 billion!

But after 6 hours, Milei deleted the post and stated that he does not support the project. According to him, he was unaware of the details and blames the opposition for everything.

🥲 As a result, LIBRA collapsed by 99%, and one whale lost $5 million in just a couple of hours.
#libra
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Bullish
Libra creator David Marcus supports Trump after 'gradual political turn' David Marcus, known for his role in creating the Facebook-backed stablecoin Libra, has expressed support for former President Donald Trump ahead of the upcoming US election. Marcus mentioned in a post on X that he has experienced a "gradual political turn" in recent years, especially after observing Republicans' interest in understanding Libra's goals and risks. Marcus also criticized Democrats, noting that in his experience, they are more interested in government power than their constituents. This statement reflects the growing involvement of key figures in the crypto world in American politics and the Republican Party's support for cryptocurrencies in its platform for the 2024 elections. #libra #Bitcoin #Binance #criptozodiac #ETH $BTC
Libra creator David Marcus supports Trump after 'gradual political turn'

David Marcus, known for his role in creating the Facebook-backed stablecoin Libra, has expressed support for former President Donald Trump ahead of the upcoming US election.

Marcus mentioned in a post on X that he has experienced a "gradual political turn" in recent years, especially after observing Republicans' interest in understanding Libra's goals and risks.

Marcus also criticized Democrats, noting that in his experience, they are more interested in government power than their constituents.

This statement reflects the growing involvement of key figures in the crypto world in American politics and the Republican Party's support for cryptocurrencies in its platform for the 2024 elections.

#libra #Bitcoin #Binance #criptozodiac #ETH
$BTC
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Bullish
I think the coins in the presidential trend like #libra system #solana will be hard to eat thick guys. Recently CZ posted about the meme #Broccoli which is the name of his pet dog. However, #Broccoli is only listed in Binance Wallet, not listed on this exchange. CZ's move will of course benefit the bsc ecosystem in general and #BNBToken in particular Which coins are you chasing, have you missed any waves, comment to let admin know ^^ {spot}(SOLUSDT) {future}(BNBUSDT) {future}(TRUMPUSDT)
I think the coins in the presidential trend like #libra system #solana will be hard to eat thick guys.

Recently CZ posted about the meme #Broccoli which is the name of his pet dog. However, #Broccoli is only listed in Binance Wallet, not listed on this exchange. CZ's move will of course benefit the bsc ecosystem in general and #BNBToken in particular

Which coins are you chasing, have you missed any waves, comment to let admin know ^^


The LIBRA incident is brewing, deep thoughts!#LIBRA incident is still brewing. (The利益链条正在浮出水面) 1: 🇦🇷 The Argentine presidential office issued a statement investigating President Milei, while also investigating the KIPprotocol and #libra participants. Milei stated that the KIPprotocol team provided technical development and did not participate in the market cap management of the tokens, with the behind-the-scenes criticism directly targeting KelsierVentures CEO DAVIS. 2: KelsierVentures CEO DAVIS released a video through the official Twitter, stating he is the launch advisor for the Libra Token, responsible for providing liquidity and managing treasury funds, with 100 million USD in his hands. (It is decided to buy back $LIBRA with 100 million USD and destroy it within 48 hours.)

The LIBRA incident is brewing, deep thoughts!

#LIBRA incident is still brewing. (The利益链条正在浮出水面)
1: 🇦🇷 The Argentine presidential office issued a statement investigating President Milei, while also investigating the KIPprotocol and #libra participants.
Milei stated that the KIPprotocol team provided technical development and did not participate in the market cap management of the tokens, with the behind-the-scenes criticism directly targeting KelsierVentures CEO DAVIS.

2: KelsierVentures CEO DAVIS released a video through the official Twitter, stating he is the launch advisor for the Libra Token, responsible for providing liquidity and managing treasury funds, with 100 million USD in his hands. (It is decided to buy back $LIBRA with 100 million USD and destroy it within 48 hours.)
Since the #libra scam of Argentine President Milley sucked blood, the overall activity of the SOL chain has declined a lot. Even the income of the #Pump platform has dropped by 50% in the past few days. The average daily income was 3 million US dollars before, and the average income in recent days was about 2 million US dollars. Yesterday, the income was 1.83 million US dollars. Although the overall income of the pump platform has declined now, the daily income is still considerable. The narrative dividend of meme coins alone is gradually fading. In the future, more meme coins and AI coins with more scenarios and applications will be needed to explode again. At present, many people are looking forward to the pump platform issuing coins. However, according to current news, the proportion of pump platform issuing coins and airdrops is not high. Many people who expect to make money on the platform may be disappointed. Even if the coins are issued, it should be difficult to make the platform's income grow rapidly in the short term! #BNBChainMeme热潮 #SOL走势分析 {future}(SOLUSDT)
Since the #libra scam of Argentine President Milley sucked blood, the overall activity of the SOL chain has declined a lot. Even the income of the #Pump platform has dropped by 50% in the past few days. The average daily income was 3 million US dollars before, and the average income in recent days was about 2 million US dollars. Yesterday, the income was 1.83 million US dollars.

Although the overall income of the pump platform has declined now, the daily income is still considerable. The narrative dividend of meme coins alone is gradually fading. In the future, more meme coins and AI coins with more scenarios and applications will be needed to explode again.

At present, many people are looking forward to the pump platform issuing coins. However, according to current news, the proportion of pump platform issuing coins and airdrops is not high. Many people who expect to make money on the platform may be disappointed. Even if the coins are issued, it should be difficult to make the platform's income grow rapidly in the short term!

#BNBChainMeme热潮 #SOL走势分析
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Bearish
🔥 Drama Erupts in the Solana Ecosystem: LIBRA Token Sparks Controversy! 👀 The launch of the #libra token has shaken the Solana community, sparking intense debate. This controversy has led to the co-founder of Meteora stepping down, while Jupiter has launched an investigation into the situation. Look and trade : $SOL $JUP {spot}(JUPUSDT) {spot}(SOLUSDT) #jupiter #solana #BinanceAlphaAlert #TradeFiRevolution
🔥 Drama Erupts in the Solana Ecosystem: LIBRA Token Sparks Controversy!
👀 The launch of the #libra token has shaken the Solana community, sparking intense debate. This controversy has led to the co-founder of Meteora stepping down, while Jupiter has launched an investigation into the situation.

Look and trade : $SOL $JUP
#jupiter #solana #BinanceAlphaAlert #TradeFiRevolution
Milei is safe from the $LIBRA drama! 🚨 The Argentine Anti-Corruption Office concludes: President Javier Milei did not violate the law when sharing about the memecoin $LIBRA on X. 📜 The post caused the price of $LIBRA to soar to 4.5 billion USD before crashing, resulting in a loss of 250 million USD. Milei asserts he only "shared", not promoted, and has deleted the post. ⚖️ Meaning: The incident ends legal accusations, but Milei's reputation is affected ahead of the congressional elections. Warning: Be careful with memecoins and endorsements from celebrities! ⚠️ #Milei #LIBRA #Crypto #Argentina
Milei is safe from the $LIBRA drama!
🚨
The Argentine Anti-Corruption Office concludes: President Javier Milei did not violate the law when sharing about the memecoin $LIBRA on X.
📜
The post caused the price of $LIBRA to soar to 4.5 billion USD before crashing, resulting in a loss of 250 million USD. Milei asserts he only "shared", not promoted, and has deleted the post.
⚖️
Meaning: The incident ends legal accusations, but Milei's reputation is affected ahead of the congressional elections. Warning: Be careful with memecoins and endorsements from celebrities!
⚠️
#Milei #LIBRA #Crypto #Argentina
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Presidential Pump & Dump! Argentine President Javier Milley launched the LIBRA meme token, but 6 hours later tweeted that he had decided not to support the project anymore 🤡 The token reached $4.59 billion in capitalization, and then fell 96% from its peak. #libra #argentina $BTC $ETH $BNB
Presidential Pump & Dump!

Argentine President Javier Milley launched the LIBRA meme token, but 6 hours later tweeted that he had decided not to support the project anymore 🤡

The token reached $4.59 billion in capitalization, and then fell 96% from its peak.
#libra
#argentina
$BTC $ETH $BNB
🚨 JUST BREAKING! 🚨 🇦🇷 Argentina's President Javier Milei has ordered an investigation into the $LIBRA cryptocurrency rug pull 🕵️‍♂️💰—a project he previously promoted! ⚠️ Crypto investors are demanding answers as the scandal unfolds. Stay tuned for updates! 📢🔍 #librascam #libra #JavierMilei #Rugpull #argentina
🚨 JUST BREAKING! 🚨

🇦🇷 Argentina's President Javier Milei has ordered an investigation into the $LIBRA cryptocurrency rug pull 🕵️‍♂️💰—a project he previously promoted! ⚠️

Crypto investors are demanding answers as the scandal unfolds. Stay tuned for updates! 📢🔍
#librascam #libra #JavierMilei #Rugpull #argentina
According to media reports, the sister of Argentine President Javier Miley was paid to promote the meme token #Libra , which turned out to be fraudulent. ➡️ Impeachment! (funny fact - if you type the word impeachment into Yandex, the first thing that shows is a photo of Miley))) $SOL {future}(SOLUSDT)
According to media reports, the sister of Argentine President Javier Miley was paid to promote the meme token #Libra , which turned out to be fraudulent.
➡️ Impeachment! (funny fact - if you type the word impeachment into Yandex, the first thing that shows is a photo of Miley)))
$SOL
CRYPTO HOLDERS: $LIBRA IS IN TROUBLE! What’s happening with $LIBRA? The situation just took a dramatic turn, and investors are on edge! Massive losses, volatile market movements, and unexpected twists—could this be the end or just the start of something bigger? Here’s what we know so far: ✅ Traders have already lost MILLIONS! ✅ Market sentiment is rapidly shifting! ✅ Whale movements and suspicious activity spotted! Will $LIBRA recover, or are we witnessing history repeat itself? This could be a pivotal moment for holders—stay sharp! Are you still holding, or is it time to bail? #Crypto #LIBRA #Write2Earn #TrendingTopic #Altcoins
CRYPTO HOLDERS: $LIBRA IS IN TROUBLE!

What’s happening with $LIBRA? The situation just took a dramatic turn, and investors are on edge! Massive losses, volatile market movements, and unexpected twists—could this be the end or just the start of something bigger?

Here’s what we know so far:
✅ Traders have already lost MILLIONS!
✅ Market sentiment is rapidly shifting!
✅ Whale movements and suspicious activity spotted!

Will $LIBRA recover, or are we witnessing history repeat itself? This could be a pivotal moment for holders—stay sharp!

Are you still holding, or is it time to bail?

#Crypto #LIBRA #Write2Earn #TrendingTopic #Altcoins
#libra $DOGE $XRP Topic of the hour par excellence
#libra $DOGE $XRP Topic of the hour par excellence
LIBRA whale's 'doing T' operation crashes in an instant, losing $695,000 in 7 minutes! According to on-chain monitoring, in the past 24 hours, LIBRA's major trades have mainly focused on swing trading, while the whale 5AS99...H48Sm attempted a reverse 'doing T' but suffered a disastrous failure. Three hours ago, this whale bought LIBRA with 2.5 million USDC at an average price of $0.5206, but just five minutes after building the position, the price plummeted, leading to rapid losses. Ultimately, they could only sell off in batches at an average price of $0.3759, suffering a loss of $695,000 in just 7 minutes! This operation can be described as a typical case of 'making quick money, losing even faster.' The extreme volatility of LIBRA has put immense pressure on short-term traders, especially in such a rapid crash scenario where accurately capturing volatility is no easy task. The risk of short-term volatility is evident, and everyone needs to be alert to the market's extreme fluctuations! What do you think about LIBRA's future trend? Will it rebound or continue to decline? #om #bnb #libra #BNBChainMeme热潮 #币安Alpha上新 $XRP $SOL $TRUMP
LIBRA whale's 'doing T' operation crashes in an instant, losing $695,000 in 7 minutes!
According to on-chain monitoring, in the past 24 hours, LIBRA's major trades have mainly focused on swing trading, while the whale 5AS99...H48Sm attempted a reverse 'doing T' but suffered a disastrous failure. Three hours ago, this whale bought LIBRA with 2.5 million USDC at an average price of $0.5206, but just five minutes after building the position, the price plummeted, leading to rapid losses. Ultimately, they could only sell off in batches at an average price of $0.3759, suffering a loss of $695,000 in just 7 minutes!
This operation can be described as a typical case of 'making quick money, losing even faster.' The extreme volatility of LIBRA has put immense pressure on short-term traders, especially in such a rapid crash scenario where accurately capturing volatility is no easy task.
The risk of short-term volatility is evident, and everyone needs to be alert to the market's extreme fluctuations! What do you think about LIBRA's future trend? Will it rebound or continue to decline?
#om #bnb #libra #BNBChainMeme热潮 #币安Alpha上新 $XRP $SOL $TRUMP
#argentina #libra National Uproar as Argentina’s $LIBRA Cryptocurrency Collapses Argentina is in the midst of a political and financial crisis following the dramatic crash of the $LIBRA meme coin—a cryptocurrency publicly supported by President Javier Milei. Once hailed as a beacon of innovation and economic renewal, the digital asset quickly attracted attention from retail investors and crypto advocates. But its rapid rise was short-lived, as $LIBRA’s value nosedived, resulting in losses totaling around $250 million. Many critics claim the President’s backing gave the project undue credibility, with some now labeling it a pump-and-dump scheme. The controversy, now known as “Cryptogate,” has ignited nationwide demands for greater government transparency and stricter regulations. Both lawmakers and financial regulators are pushing for a formal inquiry into whether political influence was misused to sway market behavior for personal or political benefit. The fallout has undermined investor trust and sparked wider concerns about the influence of political figures on the highly volatile crypto market. Amid ongoing economic instability and inflation, the $LIBRA scandal highlights the dangers that arise when politics intersect with speculative, unregulated financial instruments.
#argentina #libra
National Uproar as Argentina’s $LIBRA Cryptocurrency Collapses

Argentina is in the midst of a political and financial crisis following the dramatic crash of the $LIBRA meme coin—a cryptocurrency publicly supported by President Javier Milei. Once hailed as a beacon of innovation and economic renewal, the digital asset quickly attracted attention from retail investors and crypto advocates. But its rapid rise was short-lived, as $LIBRA’s value nosedived, resulting in losses totaling around $250 million.

Many critics claim the President’s backing gave the project undue credibility, with some now labeling it a pump-and-dump scheme. The controversy, now known as “Cryptogate,” has ignited nationwide demands for greater government transparency and stricter regulations.

Both lawmakers and financial regulators are pushing for a formal inquiry into whether political influence was misused to sway market behavior for personal or political benefit. The fallout has undermined investor trust and sparked wider concerns about the influence of political figures on the highly volatile crypto market.

Amid ongoing economic instability and inflation, the $LIBRA scandal highlights the dangers that arise when politics intersect with speculative, unregulated financial instruments.
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