"Milei Denies LIBRA Promotion: 'Most Victims Were American and Chinese'"

President Milei Denies Promoting LIBRA, Says Most Victims Were American and Chinese

Argentina’s President Javier Milei recently addressed the LIBRA meme coin scandal, speaking for the first time since the high-profile incident. In an exclusive interview with national news outlet Todo Noticias, Milei denied promoting the LIBRA token, despite having shared it on his Twitter account shortly after its launch.

Milei met Hayden Davis, the CEO of LIBRA’s market maker, at the Tech Forum in October 2024. Davis claims to be Milei’s advisor for the project. On February 14, Milei endorsed the token in a tweet, which contributed to its market cap reaching over $4 billion. However, insiders cashed out over $100 million in profits, leading to a rug pull and a significant drop in the token’s value. Milei subsequently deleted his tweet.

In the interview, Milei stated that he never promoted LIBRA, only shared it in good faith. He claimed that those who entered the market were experienced volatility traders who understood the risks involved. Milei also admitted that he was not an expert in cryptocurrency and spoke of his relationship with Hayden Mark Davis, CEO of Kelsier Ventures.

Milei met Davis at the Argentina Tech Forum in Buenos Aires in October 2024. According to local reports, Davis visited the president’s office and residence at least ten times since the forum. During one of those meetings, Davis discussed the LIBRA project with Milei.

Since the LIBRA scandal broke, over 100 criminal complaints have been brought against President Milei and different actors allegedly involved. Lawmakers from opposition parties have also discussed pursuing an impeachment. US prosecutors have been informed that they may have jurisdiction over charges against Milei or other figures involved with the LIBRA meme coin scandal.

Milei denied being bribed to promote the LIBRA meme coin during the interview. He also emphasized that most victims were American and Chinese, with only a few Argentinians losing money. He claimed that the State and Argentinian citizens did not lose money in the scandal.

Milei acknowledged that he needed to learn from the experience and change his approach to security. He stated that he would start filtering out people who have access to