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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.

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If you missed what went down at the White House today between Trump and Zelensky, here's a recap.

#TRUMP $DOGE

Elon Musk the billionaire entrepreneur appeared at the Conservative Political Action Conference (CPAC) on Thursday to express his opposition towards excessive government control. 

Musk dramatically displayed the red chainsaw which President Javier Milei had presented him as a representation of his efforts to eliminate bureaucratic systems. During his speech Musk pointed out that the Democratic Party had worked against the interests of America.Musk Calls for Spending Cuts and Federal Reserve Audit

During his appearance before a substantial crowd outside Washington DC Musk stressed how government expenses needed to be diminished. He supported auditing of the Federal Reserve while expressing concern about what he labeled dangerous fiscal policies. According to him intervention from the government creates barriers that block economic development with new ideas. Musk delivered his speech to match the established conservative principles which earned him approval from his attendants.

Musk, who has become an influential figure in Republican politics, voiced his concerns over the country’s financial direction. He asserted that government inefficiency and unchecked spending were major threats to economic stability. His remarks positioned him as a key advocate for smaller government and financial accountability.

Criticism of Biden’s immigration policies

During his speech, Musk also attacked the Biden administration’s immigration policies. He condemned an app that has reportedly allowed one million people to enter the United States on two-year work permits. He argued that such policies undermine national security and strain public resources. His comments resonated with conservative voters who have expressed concerns over border security and immigration enforcement.

The rising number of political discussions led by Musk has established him as a powerful spokesperson representing conservative viewpoints. Musk supports former President Donald Trump’s immigration policies, which indicates that he may have a growing influence in the Republican Party structure.

Milei’s chainsaw and Musk’s response

Musk met with Argentine President Javier Milei right before his appearance at the CPAC event. During their official meeting, the Argentine president gave Elon Musk a chainsaw featuring the Latin message “Viva la libertad, carajo.” During his presentation, Musk displayed the chainsaw as his “bureaucracy chainsaw” to signal his opposition to government inefficiency.

He also mentioned Salvadoran President Nayib Bukele’s reaction to the gift, joking that Bukele was concerned for his safety. Musk, wearing a black hat and sunglasses, described his mindset simply, stating, “My mind is a storm. It’s a storm.” Following Musk’s speech, former Trump strategist Steve Bannon took the stage, joking about the challenge of speaking after the billion

The post Elon Musk Wields Javier Milei’s Chainsaw at CPAC 2025 to Push for Government Cuts first appeared on Coinfea.

⚡️Sam Altman on Elon Musk's OpenAI bid:
OpenAI is not for sale.

#ElonMusk #AI #OpenAI

President Donald Trump just declared trade war—again. Next week, new tariffs will drop, and this time, “everyone” is on the line, the president said on Friday at the White House during talks with Japanese Prime Minister Shigeru Ishiba.

Trump said he plans to announce the full details at a press conference early in the week, likely Monday or Tuesday. “We’ll be treated evenly, no more, no less,” he told reporters from the Oval. He didn’t specify which countries would get hit or the exact rates, but the warning is broad enough to send US trading partners scrambling.

“I think that’s the only fair way to do it. That way, nobody’s hurt. They charge us. We charge them. It’s the same thing. I seem to be going in that line as opposed to a flat fee, tariff,” Trump said.

Trump’s biggest targets

Automobiles are right in Trump’s crosshairs. “That’s always on the table. It’s a very big deal,” he said during the press conference. The auto industry could see sweeping tariffs directed at rebalancing trade deficits, especially with Europe as Trump isn’t a fan of the European Union’s value-added tax (VAT), which hits US exports particularly hard.

He criticized the EU for setting VAT rates that sometimes go well above 15%, making it expensive for American products to compete. “That levy is through the roof,” Trump told the reporters, pointing out Europe as a major problem.

The president also said that these tariffs may replace the flat 10-20% universal import duty plan he discussed during his campaign. Instead of blanket tariffs, Trump now prefers a tailored, tit-for-tat system. “I seem to be going in that line as opposed to a flat fee, tariff,” he explained, adding that he’d rather hit countries where it hurts most.

Along with cars, Trump is eyeing critical industries like steel, oil, and pharmaceuticals, which he believes are very important to America’s global economic dominance. Just last Monday, the US president announced 25% tariffs on imports from Canada and Mexico but quickly took them back after both countries promised to address his concerns about border security.

But China wasn’t spared, as it got hit with 10% tariffs on Tuesday. As Cryptopolitan reported, the Xi administration fought back back with its own 15% tariffs, though it temporarily paused levies on low-cost goods mailed directly to American consumers. Officials are still working out how to handle that as of publication time.

American consumers pay the price

Once the tariffs kick in, US Customs and Border Protection (CBP) will be on high alert at 330 entry points across the country, including airports, seaports, and road crossings. CBP agents inspect shipments, review documents, and collect penalties if importers break the rules.

The money collected from tariffs goes straight to the US Treasury’s General Fund. But here’s the thing, most of that burden falls on American importers, not foreign exporters. When US businesses import goods that carry a tariff, they often pass the extra cost onto consumers through price hikes, though JPMorgan’s research shows that foreign manufacturers sometimes do lower their prices to help US buyers cope, but chances of that are way too low.

Under current CBP rules, some goods avoid tariffs depending on how they’re processed abroad. For example, US-made products that leave the country and return unchanged are exempt. But if they’ve been “improved” overseas—like gold being turned into jewelry or car parts assembled into vehicles—they’re subject to levies when they re-enter the country.

But Trump’s tariffs are also about revenue. Historically, tariffs once funded most of the federal government’s budget. Today, they make up less than 3% of revenue, according to the Federal Reserve Bank of St. Louis.

With Trump’s new measures, that could change dramatically. The Tax Foundation estimates that combined tariffs on Canada, Mexico, and China could have cost US businesses $1.1 trillion over the next decade. In 2025 alone, nearly $110 billion in tariff revenue is expected if Trump’s plan sticks.

The tariffs Trump imposed on China during his first term—and expanded during Biden’s presidency—are currently generating $77 billion annually. But this money doesn’t come without consequences of course.

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A friend of mine bought $TRUMP at $50, and the price once reached $70, but they missed the opportunity to sell at that peak. Since then, the value keep dropping. Now she is asking what to do.

Option 1: Hold and Wait for a Potential Recovery
One choice is to simply hold onto the investment and wait for the price to recover. This can be a solid strategy if you believe that $TRUMP has long-term potential and the market will eventually bounce back. Holding can also be beneficial if you don’t need immediate liquidity, as it allows time for price fluctuations to possibly move in your favor again.
However, there's always the risk that the price might not recover, especially in volatile markets. Patience is key here, but it also comes with the uncertainty of not knowing how long it will take to see a positive shift.
Option 2: Sell Now to Cut Losses
Another option is to sell now and minimize further losses. This approach would lock in the current value, which is lower than the purchase price, but it stops the potential for even greater losses if the price continues to decline. Selling now provides immediate cash, which can be reinvested in other opportunities or kept as a safer cushion in case the market takes a further downturn.
The downside here is that you’ll have to accept the loss, and if the price rebounds after selling, you might regret not holding on longer.
Option 3: Trade the Fluctuations
The third option is a more active approach—trading the fluctuations. This means selling when the price is higher and buying back in at lower prices, even if below the original purchase price. The idea is to take advantage of short-term price swings, buying low and selling high multiple times.
This strategy requires more time and attention to market movements, and there’s always the risk of mistiming trades. But if you’re comfortable with frequent decision-making and can handle the short-term volatility, this approach could potentially help offset the original losses and give you more control over your investment.

Which Strategy Is Best?
The best course of action depends on your risk tolerance, time horizon, and confidence in the asset's future. If you believe in the long-term success of $TRUMP and can afford to wait, holding might be the most reasonable path. However, if minimizing risk and avoiding further losses is your priority, selling now could offer peace of mind. For those who are comfortable with active trading and quick decision-making, trying to capture price fluctuations could lead to gains over time, though it requires careful monitoring.
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