Milei’s Crypto Debacle: Memecoin Hype Sparks Scandal, Lawsuits, and Political Turmoil
The crypto news cycle is worsening as meme coins suck the market dry. Speaking publicly for the first time, Milei distanced himself from accusations of market manipulation. He insisted that his social media promotion of the token wasn’t an endorsement for investment but rather an effort to highlight a crypto-based initiative aimed at supporting Argentine entrepreneurs.
“I’m not a crypto expert,” Milei told Todo Noticias in a Monday night interview. “My expertise is economic growth, with or without money. As someone passionate about technology and its potential to fund projects, I simply shared the idea.”
Yet, his endorsement—intentional or not—set off a speculative frenzy. On Friday night, after Milei directed his…
