Argentina’s federal judge is investigating President Javier Milei related to his endorsement of the cryptocurrency $LIBRA. With the announcement, the stock index has fallen. The inquiry into the crypto scandal reflects growing concerns regarding Milei’s influence on financial markets.
On February 18, 2025, a federal judge in Argentina initiated an investigation into the cryptocurrency scandal involving President Javier Milei. The controversy began when President Milei endorsed the little-known cryptocurrency named $LIBRA through a posting on social media platform X late on Friday. This recommendation sparked a slight increase in interest for the digital currency but has now attracted scrutiny due to the ensuing stock market decline.
The fallout from this incident has caused Argentina’s stock index to dip as investors react to the news of the investigation. Questions regarding the integrity of the cryptocurrency promotion have emerged, further exacerbating concerns about Milei’s financial schemes and their potential implications for the nation’s economy. As the situation unfolds, analysts and market watchers are keenly observing the developments to assess the broader impacts on the financial landscape.
In summary, Argentina’s President Javier Milei is facing an investigation regarding his endorsement of the cryptocurrency $LIBRA, which has coincided with a downturn in the stock market. The situation raises important questions about the stability and integrity of his recommendations in the cryptocurrency sphere. Observers are keenly monitoring the potential implications on the Argentine economy as the investigation progresses.
Original Source: www.moneycontrol.com
