President Milei arrives in US amid fallout from LIBRA scandal
Javier Milei, the president of Argentina, has visited the United States amid the ongoing LIBRA memecoin scandal that threatens his administration. Scheduled meetings include discussions with Elon Musk and Kristalina Georgieva of the International Monetary Fund, alongside a speaking engagement at the Conservative Political Action Conference. This trip may serve to reshape Milei's public image, which has been negatively impacted by the scandal dubbed “Cryptogate.” On February 14, Milei promoted the LIBRA memecoin on social media, citing it as a tool for Argentina's economic growth. However, allegations have surfaced claiming the creators of LIBRA executed a rug pull shortly thereafter, leading to investor losses. A report revealed text messages from a LIBRA co-creator suggesting illicit influence over Milei. Polls indicate that many citizens blame Milei for the losses, though only a minority support impeachment. Economists warn that the erosion of public confidence due to the scandal may hinder any future economic initiatives by the president.
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