**Javier Milei Refutes Cryptocurrency Fraud Claims Amid $Libra Crash**

In a recent interview, President Javier Milei asserted that he acted in good faith regarding the controversial cryptocurrency $Libra, which rapidly fell after his social media post.

President Javier Milei of Argentina has firmly rejected accusations that he endorsed a cryptocurrency, $Libra, which plummeted in value shortly after he made a brief mention on social media. The cryptocurrency surged initially but subsequently collapsed, resulting in significant financial losses for many investors. A judge is currently evaluating whether to pursue fraud charges against Milei, who defended his actions by claiming he only shared information about $Libra and did not endorse its purchase.

During a Monday interview with Todo Noticias, Milei likened the situation to gambling, suggesting that investors should take responsibility for their choices: "If you go to a casino and lose money, what's there to complain about when you knew the risks?" His initial post on X was deleted after a few hours amid a wave of criticism from both political rivals and affected investors. Opponents have drawn parallels to a "rug pull," a term used in the cryptocurrency realm to describe a scenario where project promoters vanish after capitalizing on investors.

While the presidential office maintains that Milei had no direct involvement in the cryptocurrency's development, they have requested an investigation from the Anti-Corruption Office. Milei defended his decision to delete the post, claiming he was unaware of the project's specifics at the time. The unfolding scandal raises the prospect of impeachment proceedings against him, although political analysts believe garnering sufficient support for such a move would be challenging.

In his combative stance during the interview, Milei stated he has "nothing to hide," emphasizing that the investors knew the risks when they engaged with $Libra. As the incident progresses, it could pose additional distractions to his ambitious reform plans. Meanwhile, a federal judge is set to determine the legitimacy of the fraud claims lodged against him by various parties.