"FBI, DoJ Eye Charges Against Argentine President Milei Over LIBRA Meme Coin Scandal"

FBI and DoJ Consider Charges Against Argentine President Milei Over LIBRA Scandal

The FBI and the Department of Justice (DoJ) are reportedly considering charging Argentine President Javier Milei over his alleged involvement in the LIBRA meme coin scandal. The potential charges stem from the launch of the LIBRA token, which defrauded Argentine investors and also affected American investors, giving the US jurisdiction to pursue legal action.

Hayden Davis, an American citizen and the principal figure behind the launch of LIBRA, admitted to criminal actions in a recent interview. His confession, along with evidence from local media, has prompted the FBI and DoJ to consider charges against Milei and other figures involved in the scandal. The launch of LIBRA primarily targeted Argentine investors, but Americans were also victimized, leading to a significant drop in Argentine stocks by nearly 6%.

Milei, a pro-Bitcoin world leader, initially helped promote the LIBRA meme coin but later deleted his promotional tweet and claimed to know little about the token. This move sparked investigations and impeachment efforts against Milei in Argentina. However, US regulators may also join the legal battle, as the launch of LIBRA primarily defrauded Argentine investors, but Americans were also affected.

In an interview with sleuth Coffeezilla, Hayden Davis, the CEO of Kelsier and the market maker behind LIBRA, admitted to the rug pull and defended his actions. He claimed that Milei had no direct financial involvement with LIBRA and only promoted it on social media. However, Davis' firm, Kelsen Ventures, is based in the US, which could potentially make it easier for US prosecutors to join the legal fight if they choose to do so.

Argentina is pushing back against Milei and LIBRA, with the Argentine stock market falling nearly 6% after the nation's president was involved in the scandal. Local reports suggest that leaders in the nation's crypto community have come forward with their own allegations, and impeachment proceedings have begun. Meanwhile, in the US, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have signaled a reduction in crypto-related enforcement actions, making it difficult to sue a foreign head of state.