#MileiMemeCoinControversy Argentine President Javier Milei is facing a controversy involving the cryptocurrency $LIBRA, which he publicly promoted. After an initial significant increase, the value of the coin has plummeted, leading to accusations of fraud and speculation. Investors allege that the project was a “rug pull,” where the creators withdraw funds before disappearing. 

In response, Milei stated that he did not promote the coin, but merely shared information about it. He acknowledged that the episode was “a slap in the face” and called for an investigation to determine possible inappropriate conduct. 

The controversy led to a significant drop in the Argentine stock market, with the S&P Merval index registering a drop of almost 4% following the incident. 

In addition, the case has sparked discussions about cryptocurrency regulation and the responsibility of public figures when promoting digital assets.$MEME