SnEmroz
--
Trump also Scammer?
Three presidents have been caught in massive crypto scams. D. Trump also scamming people? Why leaving their citizens shocked and broke? Let’s find the History.
Argentina’s President Javier Milei and the $LIBRA Disaster:
In February 2025, Argentina’s new president, Javier Milei, tweeted about a cryptocurrency called $LIBRA, promising it could help the country. Within 45 minutes, $LIBRA’s value soared to a $4.5 billion market cap. But chaos followed—40 minutes later, early investors dumped their coins, and the price crashed 70% in just an hour. Over $4.4 billion vanished overnight, leaving thousands of Argentinians devastated. People called it a “rug pull” scam, where insiders make quick profits while regular folks lose everything.
Venezuela’s President Nicolás Maduro and the Petro Fiasco:
Back in 2018, Venezuela’s President Nicolás Maduro launched the Petro, a cryptocurrency he claimed was backed by the country’s oil reserves. He said it would save Venezuela’s struggling economy and dodge U.S. sanctions. But the plan failed miserably. The international community rejected the Petro, major exchanges refused to list it, and the U.S. banned transactions involving it. Instead of helping, the Petro deepened Venezuela’s economic crisis, leaving people even more desperate.
Uganda’s President Yoweri Museveni and the OneCoin Scandal:
In 2017, Uganda’s President Yoweri Museveni endorsed OneCoin at a big conference in Kampala, giving it a stamp of credibility. OneCoin was marketed as a promising cryptocurrency, but it turned out to be a $4 billion global fraud. The mastermind, Ruja Ignatova—known as the “Crypto Queen”—disappeared with billions, and she’s now on the FBI’s Most Wanted list. Ugandans who trusted Museveni’s word lost everything.
U.S. Former President Donald Trump and the Memecoin Madness:
Last summer, former U.S. President Donald Trump got involved in the crypto world with unofficial memecoins like TRUMP and PEOPLE, tied to his political image and campaign. These memecoins, created by entrepreneurs, soared and crashed wildly, with some investors treating them like bets on his chances of winning elections. In January 2025, Trump also launched World Liberty Financial, a cryptocurrency platform that’s not yet live, raising concerns. His wife, Melania Trump, even promoted her own memecoin, which followed the same boom-and-bust pattern. Critics called these moves risky and potentially exploitative, worrying that they enriched insiders while leaving fans and investors with losses. Some saw it as a way for Trump to profit personally, especially after making millions from NFT trading cards since 2022.
What Did They Say After Getting Caught?
When the scandals broke, all three leaders tried to distance themselves. Milei quickly deleted his $LIBRA tweet and claimed he didn’t know the project’s details, saying, “I was not aware and stopped promoting it.” Maduro insisted the Petro was a legitimate effort to save Venezuela, blaming foreign interference for its failure. Museveni stayed quiet about OneCoin, but his government never acknowledged the scam, leaving many questions unanswered. Their excuses didn’t calm the anger of their people.
Now the Situation?
Today, the fallout continues. In Argentina, criminal charges are being filed against Milei’s inner circle, though he hasn’t been directly implicated yet. The $LIBRA crash has sparked political chaos, eroded trust in the government, and scared off foreign investors. In Venezuela, the Petro is a forgotten failure, and the country’s economy remains in shambles. Uganda still feels the sting of OneCoin, with no justice for victims and Museveni facing criticism for other alleged corruptions. These scams have left markets unstable, currencies shaky, and citizens deeply distrustful of their leaders.
What’s Your Take?
What do you think about presidents using their power to push crypto scams? Do you believe they should face stricter rules or punishment? Share your opinion in Comment section.
If you are read this article and getting helpful information, Don’t forget to hit the like button 👍 and follow me.
Thank you.
#Trump’sExecutiveOrder #MarketPullback #TexasBTCReserveBill
Argentina’s President Javier Milei and the $LIBRA Disaster:
In February 2025, Argentina’s new president, Javier Milei, tweeted about a cryptocurrency called $LIBRA, promising it could help the country. Within 45 minutes, $LIBRA’s value soared to a $4.5 billion market cap. But chaos followed—40 minutes later, early investors dumped their coins, and the price crashed 70% in just an hour. Over $4.4 billion vanished overnight, leaving thousands of Argentinians devastated. People called it a “rug pull” scam, where insiders make quick profits while regular folks lose everything.
Venezuela’s President Nicolás Maduro and the Petro Fiasco:
Back in 2018, Venezuela’s President Nicolás Maduro launched the Petro, a cryptocurrency he claimed was backed by the country’s oil reserves. He said it would save Venezuela’s struggling economy and dodge U.S. sanctions. But the plan failed miserably. The international community rejected the Petro, major exchanges refused to list it, and the U.S. banned transactions involving it. Instead of helping, the Petro deepened Venezuela’s economic crisis, leaving people even more desperate.
Uganda’s President Yoweri Museveni and the OneCoin Scandal:
In 2017, Uganda’s President Yoweri Museveni endorsed OneCoin at a big conference in Kampala, giving it a stamp of credibility. OneCoin was marketed as a promising cryptocurrency, but it turned out to be a $4 billion global fraud. The mastermind, Ruja Ignatova—known as the “Crypto Queen”—disappeared with billions, and she’s now on the FBI’s Most Wanted list. Ugandans who trusted Museveni’s word lost everything.
U.S. Former President Donald Trump and the Memecoin Madness:
Last summer, former U.S. President Donald Trump got involved in the crypto world with unofficial memecoins like TRUMP and PEOPLE, tied to his political image and campaign. These memecoins, created by entrepreneurs, soared and crashed wildly, with some investors treating them like bets on his chances of winning elections. In January 2025, Trump also launched World Liberty Financial, a cryptocurrency platform that’s not yet live, raising concerns. His wife, Melania Trump, even promoted her own memecoin, which followed the same boom-and-bust pattern. Critics called these moves risky and potentially exploitative, worrying that they enriched insiders while leaving fans and investors with losses. Some saw it as a way for Trump to profit personally, especially after making millions from NFT trading cards since 2022.
What Did They Say After Getting Caught?
When the scandals broke, all three leaders tried to distance themselves. Milei quickly deleted his $LIBRA tweet and claimed he didn’t know the project’s details, saying, “I was not aware and stopped promoting it.” Maduro insisted the Petro was a legitimate effort to save Venezuela, blaming foreign interference for its failure. Museveni stayed quiet about OneCoin, but his government never acknowledged the scam, leaving many questions unanswered. Their excuses didn’t calm the anger of their people.
Now the Situation?
Today, the fallout continues. In Argentina, criminal charges are being filed against Milei’s inner circle, though he hasn’t been directly implicated yet. The $LIBRA crash has sparked political chaos, eroded trust in the government, and scared off foreign investors. In Venezuela, the Petro is a forgotten failure, and the country’s economy remains in shambles. Uganda still feels the sting of OneCoin, with no justice for victims and Museveni facing criticism for other alleged corruptions. These scams have left markets unstable, currencies shaky, and citizens deeply distrustful of their leaders.
What’s Your Take?
What do you think about presidents using their power to push crypto scams? Do you believe they should face stricter rules or punishment? Share your opinion in Comment section.
If you are read this article and getting helpful information, Don’t forget to hit the like button 👍 and follow me.
Thank you.
#Trump’sExecutiveOrder #MarketPullback #TexasBTCReserveBill
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
143
0