Argentina's president Javier Milei says he didn't promote $LIBRA token, simply shared it

Key Takeaways

President Javier Milei clarified he merely shared details about $LIBRA, not actively selling it.
Milei met with Hayden Mark Davis for growing financing for entrepreneurs however denies intensive investor affect.

Argentine president Javier Milei is defending himself amidst accusations of fraud and requires impeachment following his promotion of the $LIBRA token. Talking throughout an interview with Jonatan Viale on TN’s “¿La Ves?” on Monday, Milei claimed he merely shared details about the undertaking fairly than actively selling it.

“I didn’t put it up for sale, I shared it,” Milei defined. “I did it as a result of I’m a fanatical techno-optimist.”
“I acted in good religion and I received slapped,” Milei mentioned, addressing the controversy. He maintained that the incident affected solely a small variety of Argentines, with most buyers being Chinese language and American.

Explaining the rationale for sharing, Milei said that he shared the $LIBRA token data as a result of he’s keen about such tasks and found it shortly after its creation.

“I shared this like I shared a whole bunch of issues. My tweet was three minutes after the coin was created as a result of I’m a fan of these things,” he talked about.

Milei claimed that those that invested in $LIBRA had been properly conscious of the dangers concerned. He disputed claims of widespread affect, insisting that the precise determine was far lower than 44,000.

“The declare that 44,000 individuals had been affected is merely fallacious. The true quantity is nearer to five,000, at most. And it’s extremely unlikely any Argentinians had been concerned. These are subtle merchants, volatility merchants who knew what they had been moving into,” he asserted. “…they did it voluntarily.”

The president revealed he met Hayden Davis, who facilitated the token launch, at Casa Rosada in October 2024. He mentioned that Davis proposed making a financing construction for entrepreneurs missing conventional funding choices.

“When the Libra factor grew to become public, I unfold the phrase,” Milei mentioned, explaining that his first tweet was to assist Argentines who should not have entry to conventional financing.

When requested why he deleted the tweet, Milei mentioned he eliminated it on account of destructive suggestions.

“When individuals began saying my account was hacked, I pinned the tweet to point out it was actually me. However then the destructive feedback piled up, so I took the tweet right down to keep away from confusion. I by no means really deleted it, although – I simply hid it,” he mentioned.

He denied authorities involvement within the operation however warned that “if the justice system determines in any other case, heads will roll.”