SOME POSTER ON HERE THOUGHT THIS GUY A GENIUS. WHO WAS IT UNCOACH?
The parallels are frightening, and informative at the same time. The President of Argentina is facing impeachment for having sucked a trusting public into a cryptocurrency that failed.
President Javier Milei briefly endorsed a cryptocurrency known as $LIBRA. On Friday night he took to X announcing the "Viva la Libertad Project." He claimed it would bolster Argentina's economy. The token's value soared and then crashed within hours. 8 users made off with bulk of the $4.5 billion market cap.
In Argentina it is illegal for public officials to advertise private ventures. It is here, too.
5 CFR § 2635.702. Trump breaks this law every day with his merchandise.
Melei's X post said, "This private project will be dedicated to encouraging growth of the Argentina economy." It was followed with a link to $LIBRA project.
Hours later, Milei deleted the post and replaced it with another. "I was not aware of the details of the project and after having become aware of it I decided not to continue spreading it."
Saturday, a statement was put out saying, "President Javier Milei has decided to immediately involve the Anti-Corruption Office to determine whether there is any improper conduct member of the national government, including the President himself."
It looks like that may have been a little too late. The damage was already done.
On Sunday, lawyers filed fraud charges against President Javier Milei for promoting a cryptocurrency on social media.