Argentina president sued for promoting cryptocurrency $LIBRA

Argentine legal professionals filed fraud complaints on Sunday towards President Javier Milei over his promotion of cryptocurrency. President Milei shared an commercial for cryptocurrency $LIBRA through X on Friday, claiming that the coin would assist fund small companies.

President Milei included a hyperlink to buy $LIBRA in his publish. His promotion brought about a steep improve within the coin’s gross sales. President Milei then deleted the publish, and the worth of $LIBRA drastically decreased. The coin’s buyers misplaced most of their cash.

After the collection of occasions, the President has already engaged with the Anti-Corruption Workplace to analyze whether or not there may be any improper conduct of presidency officers, together with himself. The President’s Workplace additionally introduced the creation of a activity unit to analyze any alleged misconduct.

Lawyer Jonatan Baldiviezo is a plaintiff within the motion towards President Milei. He has spoken out in regards to the allegations of fraud and referred to as for others to share data concerning the President’s actions.

Cristina Fernández de Kirchner, the previous president of Argentina, has additionally spoken out towards President Milei’s promotion of $LIBRA. Former president Kirchner said that President Milei is a “crypto scammer” and referred to as for justice to be served.

President Milei’s actions have additionally caught the eye of Argentina’s opposition occasion. The occasion launched an announcement calling the incident an “unprecedented scandal.” Argentina has a historical past of political division, with robust help for each far-right and far-left actions. President Milei’s election in 2023 marked a victory for the far-right motion in Argentina. His marketing campaign was primarily based on guarantees for drastic change, resembling swapping the Argentine peso for the US greenback and privatizing Argentina’s state power firm.

The fraud grievance towards President Milei has been assigned to Choose María Servini of Federal Courtroom No. 1 of Buenos Aires. Moreover, Esteban Paulón, a member of Argentina’s Socialist opposition occasion, said that he would request the beginning of impeachment hearings for President Milei.