Argentine president Javier Milei retweeted a post seemingly promoting the LIBRA token, sparking fresh speculation about his involvement with it.
When we thought the LIBRA token saga was slowly dying down, President Milei has raised eyebrows again. Yesterday, he retweeted a post guiding users on how to buy the highly controversial token.
His tweet again impacted the price of LIBRA, which pumped 60% following the alleged fresh endorsement. Milei’s actions further complicate his role in the project, as he once stated he would stop promoting the token.
Intended Course or Just Coincidence?
The Monday tweet comes after Milei’s earlier stance that he had no relationship with the LIBRA scam. Notably, Hayden Davis, an integral member of the token’s team, had admitted to selling the token’s liquidity pool and realizing over $100 million from the Saturday launch.
Milei’s latest move drew widespread criticism from the crypto community. Some argued that his continued involvement with the token dented his reputation. Others alleged that he was fully aware of and participated in the LIBRA heist.
Nonetheless, speculation has it that he retweeted the post to show that the complex steps in buying LIBRA are tedious for ordinary Argentines. Recall that he argued that the rug pull seldom impacted his compatriots.
As a result, he branded the opposition parties’ political moves unnecessary. Notably, these sentiments remain highly speculative and unconfirmed.
Milei Says Tweet Was in Good Faith
Meanwhile, the Argentine president has insisted he acted in “good faith” with the Saturday tweet. In his first public appearance at Todo Noticias, Milei stated that he acted as a technology enthusiast who intends to encourage innovation in the nation.
Furthermore, Milei argued he did not promote LIBRA but only spread the word about the token. The president maintained he had no affiliation with the token and deleted the tweet following growing criticisms.
Interestingly, Milei stated that the media overblew the extent of the financial damages. He argued that most of the alleged 44,000 users affected were bots, and at most, only 5,000 people lost money on the LIBRA token.
Nonetheless, the president faces impeachment over his alleged involvement with the controversial token. Meanwhile, the KIP Protocol has also denied affiliation with LIBRA, further complicating the saga.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
