Javier Milei's controversial post "caused a political firestorm", said The New York Times, with opponents describing him as a "crypto scammer". On Friday, Milei, a former private sector economist, posted on X about the $LIBRA coin which he promised would help fund small businesses and start-ups.

Argentine President Javier Milei is facing intense scrutiny following his promotion of the cryptocurrency $LIBRA, which experienced a dramatic collapse shortly after his endorsement. The incident has led to widespread financial losses among investors and has sparked legal and political challenges for the president.