Milei Clarifies $LIBRA Involvement

Argentine President Addresses $LIBRA Controversy

Argentine President Javier Milei recently addressed the controversy surrounding his association with the $LIBRA token. In an interview on TN’s program “¿La Ves?” he clarified that he merely shared information about the token, rather than actively promoting it. He emphasized that his actions were undertaken in good faith.

Key Points:

• President Milei stated he shared information about $LIBRA, not promoted it.
• He met with Hayden Mark Davis to discuss financing for entrepreneurs.
• Milei refutes claims of a widespread negative investor impact, suggesting the number of affected Argentines was far lower than initially reported. He estimates 5,000 affected, compared to the initially reported 44,000.
• He denies any government involvement and stated that if the judicial system finds evidence to the contrary, those responsible will be held accountable.

Milei explained his actions, stating, “I acted in good faith and I got slapped. I didn’t promote it, I shared it because I’m a fanatical techno-optimist. Any proposal that can improve financing for technology entrepreneurs is exempt because I acted in good faith.”

The meeting with Hayden Mark Davis, which took place at Casa Rosada in October 2024, focused on developing financing structures for entrepreneurs lacking access to traditional funding. Milei shared information about $LIBRA following the project's public announcement.

Milei maintains that the investors involved were sophisticated, stating, “Those who entered there knew the risk well: they are volatility traders.”

This situation highlights the complexities and potential pitfalls of cryptocurrency projects, and the importance of transparency and due diligence for all participants. For secure smart contract development and thorough blockchain security assessments, contact Codeum. We offer smart contract audits, KYC verification, custom smart contract and DApp development, tokenomics and security consultation, and partnerships with launchpads and crypto agencies.

This is a developing story.