Support for cryptocurrencies from US President Donald Trump or Argentine leader Javier Milei has seen investors lose billions of dollars and is damaging a sector struggling for credibility, researchers told AFP.
“The entire crypto industry is being tarnished,” said Claire Balva, strategy director for fintech company Deblock.
Argentine prosecutors are reportedly examining whether Milei engaged in fraud or criminal association, or was in breach of his duties, when he praised the $LIBRA cryptocurrency on social media in February.
The token’s value soared from just a few cents to almost $5 and then crashed….
