Javier Milei Embroiled in $LIBRA Cryptocurrency Controversy
As the investigation unfolds, the situation raises questions about the relationship between politics and economics, and the potential risks of promoting unregulated cryptocurrencies. The outcome of the investigation will likely have significant implications for President Milei and the Argentine government.
The Argentine government's claims about KIP Protocol's involvement in the $LIBRA cryptocurrency initiative have been disputed by the company, which denies any participation in the project and rejects allegations of meetings between its executive director, Julian Peh, and President Javier Milei to discuss the project.
KIP Protocol has stated that it did not initiate the project, did not manage its launch, and did not receive any benefits from the operation. The company also denied that Peh met with Milei in October to discuss the project, instead stating that Peh spoke with Milei about artificial intelligence and technology at the Tech Forum Argentina, where KIP Protocol was an official sponsor.
The situation has been described as "sumamente grave" by Mexican President Claudia Sheinbaum, who emphasized the importance of separating economic power from political power. Meanwhile, President Milei has dodged responsibility for the alleged $LIBRA cryptocurrency scam, which he promoted on his social media account, claiming that he was not informed about the project's details and did not promote it, but rather shared information about it.
The controversy has led to an investigation into the events and individuals involved, including President Milei himself, who has ordered an inquiry into the matter and denied receiving any money for promoting the cryptocurrency or being an expert in cryptocurrencies.
