Argentina's President Milei Under Scrutiny Over Links to Collapsed LIBRA Crypto Project

Federal investigations into Argentine President Javier Milei have intensified following the discovery of new evidence related to the collapsed LIBRA cryptocurrency project. Newly uncovered phone records indicate multiple calls between President Milei and an entrepreneur associated with the venture, raising specific questions regarding the promotion of the LIBRA token. These findings escalate the scrutiny surrounding Milei’s involvement, despite his consistent and firm denials of any illicit activity. Authorities are now working to determine the extent of these interactions and whether they constitute illegal promotional activities for the failed project. Analysts warn that the deepening investigation could undermine investor confidence in Milei’s economic reforms and impact Argentina’s sovereign credit profile. Market participants are closely watching the situation, as heightened political risk may lead to increased volatility for the ARS and local financial markets.