# MileiMemeCoinControversy

Argentina's President Milei denies crypto fraud allegations...

Milei and his office denied involvement with creators of the $LIBRA cryptocurrency, saying he initially drew attention to it Friday as an entrepreneurial project that might benefit Argentina but learned more about it later and then withdrew his support.

Lawyers in Argentina filed fraud complaints against the libertarian President on Sunday. The case was assigned Monday to Judge María Servini, head of Federal Court No. 1 in Buenos Aires. She doesn’t have a deadline to finish investigating the allegations.

In a tweet Friday evening that coincided with the launch of the $LIBRA crypto coin, Milei said that it was aimed at “encouraging economic growth by funding small businesses and startups.”