#MileiMemeCoinControversy In Argentina, the “crypto scandal” shook the Casa Rosada. After President Javier Milei promoted the cryptocurrency called $Libra through his X account, it plummeted almost 100% and generated losses for thousands of users who trusted the president’s words. This generated great unrest in the political and economic world, who denounced the far-right leader for fraud.

Cryptocurrency experts expressed concern about the negative impact on public trust, while the American newspaper The New York Times published an article where it compared him to Donald Trump and called the situation a “political storm,” stressing the need for greater regulation and transparency in this market.

In the last decade, the creation of these tokens became more common than we think, there are more than two and a half million cryptocurrencies to date. This figure grew significantly due to the ease of creation and continued innovation in the crypto market. Thousands of new tokens are launched every day, although not all of them manage to survive over time, as happened with $Libra in Argentina.

Image taken from the network