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The collapse of the Libra token sparked a series of legal battles in which Argentine President Milley was deeply embroiled. The two major judicial departments in the United States launched an investigation against him, and 13 exchanges in Australia were also liquidated, and the local exchange industry is facing a major reshuffle.
In Argentina, the "rollover" of the Milley coin has become a hot topic. Because he stands for the relevant project, his political performance may be affected. At present, the Argentine political scene is in chaos, all parties are dumping each other, some people want to take advantage of the opportunity, and some people uphold the attitude of "investment is risky, and you need to be cautious when entering the market" to stay out of the matter, and this turmoil will continue to ferment.
Former U.S. President Trump also intervened, posting a photo of Mila on social media with the caption, 'If printing money can eliminate poverty, then printing diplomas can eliminate stupidity,' with a strong hint of sarcasm. Mila immediately took a screenshot and reposted it, apparently hitting the nail on the head.
According to the Argentine media Clarion, an Argentine law firm has filed a criminal lawsuit with the US Department of Justice and the Federal Bureau of Investigation, requesting an investigation into the behind-the-scenes manipulator of the Libra token collapse and the role of Milai. On the same day, the Citizen's Coalition ARI sued Milai to the Argentine judicial authorities, accusing him of inciting bribery and fraud, emphasizing that the government cannot act as both judge and athlete. This further escalates the previous criminal charges against Milai in Argentina for allegedly defrauding due to his support for the Libra token.
Today, the Argentine government's biggest headache is to absolve and shift blame to Milei. Milei once admitted to meeting the Libra team and said that his tweets were to help Argentine companies use cryptocurrency and attract investment. However, his endorsement led investors to believe in Libra but ultimately did not profit. Milei may not yet understand the 'rule' of the retail market, where 'making money is one's own skill, losing money is blamed on others.' If he could understand, he might act more cautiously in the future. In the end, a phrase for him: the number of people who hate me is countless, what significance do you have.