USA v. Milei: Possible Indictment for LIBRA Scandal

US prosecutors could indict Argentine president over LIBRA scandal

According to reports, US authorities, the FBI and DOJ, may have jurisdiction to pursue charges against Argentine President Javier Milei over the LIBRA meme coin scam. Efforts for impeachment have already begun in the country.

Hayden Davis, a US citizen, was involved in the launch of the LIBRA coin. He recently admitted his criminal actions in an interview. The scandal has also led to a 6% drop in Argentine shares.

The LIBRA Meme Coin scandal becomes global

The crypto world is experiencing a new scandal directly involving the Argentine president. Javier Milei, a well-known cryptocurrency advocate, helped push the LIBRA meme coin.

However, the coin suffered a rapid decline when some insiders cashed in tokens worth $105 million.

The situation worsened when Milei removed the promotional tweet, denying any involvement with the meme coin.

As a result, Argentinian authorities have launched investigations and an impeachment process against the president, while there are chances that US authorities will also intervene.

According to sources, the Department of Justice and the FBI have received complaints against Milei for launching LIBRA. Although the scam mainly affected Argentinean users, US citizens were also involved, paving the way for possible US jurisdiction.

Hayden Davis's role and US involvement

A key player in the affair is Hayden Davis, CEO of Kelsier, who was directly involved in the scandal. He has been the main promoter of LIBRA in the US.

This morning, Davis gave an interview to Coffeezilla:

"If you flip a coin, isn't it unfair that you hit it?", Coffeezilla asked.

"I would say no. From a sniping perspective, most of the time we're just trying to prevent other snipers from entering the market," replied Davis.

During the interview, Kelsier's CEO defended his actions, stating that Milei had no direct involvement, but had merely promoted LIBRA on social media.

Davis also stated that the LIBRA team had "noble reasons"for the rug pull.

He also confirmed the allegations that he was behind the launch of the MELANIA meme coin, adding that TRUMP also had opportunities for insider trading.

The future of the LIBRA scandal

There is a lot of evidence that the US could use to dismantle the operation, but at the moment the institutions have not yet given any concrete signals about a possible trial against Milei. The decision could change in the future.

Regardless of what the US authorities will do, Argentina has already taken action against Milei and the LIBRA team. After the president's involvement in the scandal, the Argentine stock market lost 6%.

In the meantime, the Argentine crypto community has also made accusations and proceedings have already begun.