Argentina’s president Javier Milei to be impeached for crypto rug pull

[aioc]

For a public servant to endorse an investment, especially a meme coin, I think it is unethical. It's only fair that impeachment proceedings be filed against him. You know how politics works,  your opponents are just waiting to pounce on your mistakes to bring you down.

That's true; what he did is a grave error; its like digging his own grave in politics—not only his political enemy but also people who lost money from the rug pull, All I know is that presidents have their own advisers to guide them on all their decision while in office, if this is based on his own decision alone and not coming from recommendations from advisers, then he has an unsteady mind for indulging in a pump and dump projects.

[Kavelj22]

It is a scandal that a president who runs a huge economy for a country the global position of Argentina would make such a mistake. There is supposed to be a whole team that cares about the president's communications and monitors his social media accounts. I doubt that anyone from the president's team, whether from his party or his presidential aides, was consulted and agreed to the idea. Rather, I expect that the president actually made a serious communication mistake, regardless of whether he intended to do so or not.

[o48o]

Crazy but that's the consequence of the action he do since being a president he should maintain the public trust.

But with that things he do it give certain thoughts that they are been betrayed by their own president that's why those situation happen.

But let see if there's ongoing development will happen in that case since if it happens that Javier Milei will get impeach on that matter then provably those officials or President like Trump might worried that same situation will happen to them, especially their meme coins recently introduced is experiencing a massive dump.

Trump would be worried if he wouldn't own judges, got social media platform owners in his pocket and mainstream media. And things he has already gotten away with tells us a story, that he at least thinks he can do pretty much everything. His latest tweet he pretty much hinted that he can do anything he wants now, and law can't touch him.

And who knows what this impeachment brings. Trump has been impeached twice, and it didn't stop him becoming president.

[pooya87]

Let me provide an alternative view that I haven't seen anybody else point out and it's an obvious one.

News like this are a very good education for the population so that they can learn that shitcoins and shittokens are completely useless and they get pumped and dumped. They should never allow anyone to hype them and fool them to pour their hard earned money into them so that the scammers can get rich. These things have no future.

The more money people lose in scenarios like this, the more they will learn about this fact.

[DeathAngel]

Well he can’t really have any complaints if he gets into deep trouble can he. You just can not do something like this & get away with it. It’s fraud, insider trading & who knows what else. Somebody in such a position of power can not do something like this & get away with it, his position could be untenable.

[Bushdark]

It is a scandal that a president who runs a huge economy for a country the global position of Argentina would make such a mistake. There is supposed to be a whole team that cares about the president's communications and monitors his social media accounts. I doubt that anyone from the president's team, whether from his party or his presidential aides, was consulted and agreed to the idea. Rather, I expect that the president actually made a serious communication mistake, regardless of whether he intended to do so or not.

I am very surprised that a crypto project is promoted by the president that finally end up in a rug pull.
There are lots of questions to ask the president because this is not efunny at all. How would a president, knowing that he has a lot of antagonists and enemies would stood so low to promote a crypto project that ended in a rug pull. This might not be a really rug pull but maybe the president just decided to promote the crypto project using his influence. This is not an epitome any president have to embrace since it had caused people to lose their hard earned money.

[bettercrypto]

In a twist of fate,

President Javier, who has made free-market policies his entire brand, posted an endorsement for a meme coin, $LIBRE, on X (formerly Twitter) late Friday night, and the coin immediately surged to nearly $5 per token from just $0.006, drawing in eager buyers.

Just six hours later, its value collapsed to $0.84, triggering outrage and accusations of a rug pull. The fallout was immediate. So now, Congressional opposition leaders, already critical of Milei’s economic policies, want him out.

https://www.cryptopolitan.com/javier-milei-to-be-impeached-for-crypto-rug/

I didn't invest on this meme coin nor I heard about it. But it seems that many have lost their money here and it sounds like the President of Argentina shills for this token and so it goes to a huge pump.

But we all know what happens next, as it collapses to less than a dollar.

Just very unfortunate if the news is real that the President is part of this rug pull scam.

The President's promotion of Libra would have been okay if they hadn't done a rug pull, but the ones inside that Libra meme coin are scammers. If they had taken it seriously, then hopefully the Argentine President wouldn't have been put in the impeachment case.

Didn't Trump also create his own meme coin and this is the Trump coin that recently made noise in the crypto space, and its ATH reached 70-80$ if I am not mistaken. That's why Trump's price has also been rug-pulled now, couldn't it be that because of what happened to the President of Argentina who was impeached now, the same thing will happen to Trump because the Trump meme coin also recently rug-pulled? I was just asking and just thinking.

[Kavelj22]

It is a scandal that a president who runs a huge economy for a country the global position of Argentina would make such a mistake. There is supposed to be a whole team that cares about the president's communications and monitors his social media accounts. I doubt that anyone from the president's team, whether from his party or his presidential aides, was consulted and agreed to the idea. Rather, I expect that the president actually made a serious communication mistake, regardless of whether he intended to do so or not.

I am very surprised that a crypto project is promoted by the president that finally end up in a rug pull.
There are lots of questions to ask the president because this is not efunny at all. How would a president, knowing that he has a lot of antagonists and enemies would stood so low to promote a crypto project that ended in a rug pull. This might not be a really rug pull but maybe the president just decided to promote the crypto project using his influence. This is not an epitome any president have to embrace since it had caused people to lose their hard earned money.

These are the same questions that everyone is asking and I have already mentioned them in a previous post on the same subject. Whatever measures the parliament will take against the president, whether by pardon or punishment, these questions must find answers.

Please check the president's professional profile indicates that he is an expert economist and has more than 20 published academic papers, and therefore he cannot be ignorant of the cryptocurrency market, especially since there have been official discussions about the impact of cryptocurrencies on the future of Argentina, meaning that he knows what a cryptocurrency means.

Is there anyone who would believe that he published investment advice on his account without verifying it?
But at the same time, what is his interest in that, because he is certainly aware of the seriousness of this matter for his political standing from his position as president of the country. I doubt that he will survive the possible consequences.

[JoyMarsha]

In a twist of fate,

President Javier, who has made free-market policies his entire brand, posted an endorsement for a meme coin, $LIBRE, on X (formerly Twitter) late Friday night, and the coin immediately surged to nearly $5 per token from just $0.006, drawing in eager buyers.

Just six hours later, its value collapsed to $0.84, triggering outrage and accusations of a rug pull. The fallout was immediate. So now, Congressional opposition leaders, already critical of Milei’s economic policies, want him out.

https://www.cryptopolitan.com/javier-milei-to-be-impeached-for-crypto-rug/

I didn't invest on this meme coin nor I heard about it. But it seems that many have lost their money here and it sounds like the President of Argentina shills for this token and so it goes to a huge pump.

But we all know what happens next, as it collapses to less than a dollar.

Just very unfortunate if the news is real that the President is part of this rug pull scam.

I just wish this impeachment could hold because it is unacceptable that a given president would scam his citizens and expect themselves to work freely without any harm on them.

If people are not taught a lesson in a hard way, this kind of thing of scamming people will be repeating itself over again. Someone should be used as a scapegoat so that this scamming will stop because it is getting out of hand that anyone will wake up to think of rug-pulling investors in the crypto space  and expect themselves to work away freely without any harm

[Kavelj22]

In a twist of fate,

President Javier, who has made free-market policies his entire brand, posted an endorsement for a meme coin, $LIBRE, on X (formerly Twitter) late Friday night, and the coin immediately surged to nearly $5 per token from just $0.006, drawing in eager buyers.

Just six hours later, its value collapsed to $0.84, triggering outrage and accusations of a rug pull. The fallout was immediate. So now, Congressional opposition leaders, already critical of Milei’s economic policies, want him out.

https://www.cryptopolitan.com/javier-milei-to-be-impeached-for-crypto-rug/

I didn't invest on this meme coin nor I heard about it. But it seems that many have lost their money here and it sounds like the President of Argentina shills for this token and so it goes to a huge pump.

But we all know what happens next, as it collapses to less than a dollar.

Just very unfortunate if the news is real that the President is part of this rug pull scam.

I just wish this impeachment could hold because it is unacceptable that a given president would scam his citizens and expect themselves to work freely without any harm on them.

If people are not taught a lesson in a hard way, this kind of thing of scamming people will be repeating itself over again. Someone should be used as a scapegoat so that this scamming will stop because it is getting out of hand that anyone will wake up to think of rug-pulling investors in the crypto space  and expect themselves to work away freely without any harm

The meme coins proposed by the rest of the presidents were not promoted by the presidents themselves, but rather they simply agreed to use their names without even announcing it. In this way, none of them can be convicted and no one will blame them for the scheme of manipulation that they are complicit in by silence. The President of Argentina implemented the same scheme but in reverse, as he took a bold step by announcing support for a meme coin that does not bear his name, perhaps thinking that this would enable him to evade responsibility.

Don't expect the situation to change much in the future. Investors will not learn a lesson from this incident, but rather global figures will learn a lesson so that they do not fall into it in the future when they launch meme coins scam again.

[Ever-young]

Eventually, he won’t be president forever. He will leave, and a new one will take his place, while most people will forget about him. So, while he still has the chance to appear in the media, he takes advantage of it—unfortunately, not for good purposes. To all those affected—press F to pay respect. But now we have the experience to approach any presidential manipulations with cryptocurrency with caution

As a president of a country why get yourself involve in crypto rug pull in the first place even if you are not fully in control of that coin why accept to promote a coin you don’t have control over it when you know so many people support and trust in your words, the money in crypto is just making this men do some crazy stuff with their power, if that’s true impeachment will be the first step to what ever he’s going to face unless their is a way he can clean up his mess.

[shogun47]

Let me provide an alternative view that I haven't seen anybody else point out and it's an obvious one.

News like this are a very good education for the population so that they can learn that shitcoins and shittokens are completely useless and they get pumped and dumped. They should never allow anyone to hype them and fool them to pour their hard earned money into them so that the scammers can get rich. These things have no future.

The more money people lose in scenarios like this, the more they will learn about this fact.

Then there are at least some countries in the world where things go according to a set of rules. If he scammed, he should be impeached.

In the United States you can pump and dump a meme coin as president, do the same for your wife, probably your dog and your tortoise and still be admired by half of the nation's people without ever getting close to the idea of an impeachment.

That's insane.

[arwin100]

Eventually, he won’t be president forever. He will leave, and a new one will take his place, while most people will forget about him. So, while he still has the chance to appear in the media, he takes advantage of it—unfortunately, not for good purposes. To all those affected—press F to pay respect. But now we have the experience to approach any presidential manipulations with cryptocurrency with caution

As a president of a country why get yourself involve in crypto rug pull in the first place even if you are not fully in control of that coin why accept to promote a coin you don’t have control over it when you know so many people support and trust in your words, the money in crypto is just making this men do some crazy stuff with their power, if that’s true impeachment will be the first step to what ever he’s going to face unless their is a way he can clean up his mess.

Maybe he didn't calculate well the situation that might occur and what he just think about is getting the same hype what Trump get when he launch his own meme coin.

But unfortunately sudden dump has happen and he got a serious problem with situation happen with his introduce meme coin. That's why right now he should face those consequence of those actions and decisions done.

Since if he will get impeached on those grounds then provably it will remind those officials not to do the same scheme and they might face similar consequences just like what this top official get.

[moneystery]

instead of focusing on leading his country and fixing its worsening economy, the president of argentina actually involved himself in memecoin which is very embarrassing. it is even suspected that there is an allegation of insider trading in memecoin, such as portnoy receiving a refund of 5 million dollars for his investment in memecoin, and several other people. and it is possible that this president is also one of the people who received funds from the developers of memecoin.

this is basically just a big scam. but for some reason people are still interested in putting their money in memecoin like this.

[el kaka22]

Impeachment became more like a power grab by everyone all around the world. We have seen the same at USA, where Democrats tried to impeach Trump, and they might have a very good reason too, that's not the point though. Milei may have done something wrong, there is nothing wrong with that, I am not saying he did a good thing.

However, impeachment should be about his job, like if he does a bad thing using his presidential power to his people, sort of like treason basically, but not that harsh. I mean if he steals money from the people, or he just uses taxpayers to a vacation for himself, or he buys himself personally some stuff with your money, whatever really, in the end, it has to be something that hurts the nation he serves. In this one, he just promoted something, you could easily just not buy it, so he isn't using power of the law at all.

[Zwei]

the team behind this shitshow are claiming it wasn't a rug pull, but just a launch plan gone wrong because of snipers. but we all know the truth, this was a scam like all the other coins.

Coffeezilla did an interview with Hayden Davis, who is one of the main persons behind this, and it's fucking crazy: https://www.youtube.com/watch?v=EqizJTbxAEM
dude admitted on record to insider trading, sniping the coin launch, and pulling millions out of liquidity.

poor Javier got involved with shit he does not understand by endorcing this memecoin and he is getting fucked for it. he should have asked Trump for some advice, lol.
i don't think he even made any money out of this, did he?

The more money people lose in scenarios like this, the more they will learn about this fact.

if only if that would actually work, but time and time again, we see it does not.
they always think this time is gonna be different.

honestly, this memecoin shit needs to stop.

[X-ray]

Let me provide an alternative view that I haven't seen anybody else point out and it's an obvious one.

News like this are a very good education for the population so that they can learn that shitcoins and shittokens are completely useless and they get pumped and dumped. They should never allow anyone to hype them and fool them to pour their hard earned money into them so that the scammers can get rich. These things have no future.

The more money people lose in scenarios like this, the more they will learn about this fact.

people aren't learning a damn thing honestly even after this disaster, i've seen plenty of KOLs rugging their followers but whenever they released another shitcoin people still getting on the line buying the coin even knowing the KOLs has history of rugging.
it's as if people never learn but I bet even after this disaster of a rug people will still be trying to speculate on these random CA, knowing well even if they didn't get rugged they still lose to the insiders who bought early and they will become the loser.
the entire meme trench is always like that.

[hilariousetc]

What an idiot Milei is. What was he even thinking? What's alarming is how easily these cryptobro pump and dumpers have got to world leaders and how easy it is to get them on board.

the team behind this shitshow are claiming it wasn't a rug pull, but just a launch plan gone wrong because of snipers. but we all know the truth, this was a scam like all the other coins.

What they mean is they didn't expect it to collapse as quickly as it did and are now panicking. Normally these coins last a little longer before they're dumped but this was over within 24 hours.

poor Javier got involved with shit he does not understand by endorcing this memecoin and he is getting fucked for it. he should have asked Trump for some advice, lol.
i don't think he even made any money out of this, did he?

If he did make money out if than he should be investigated and held accountable. From the most recent coffeezilla update it seems that they had an in with Milei's sister who may have persuaded him to tweet about it so maybe he did it for free but she took the cash https://youtu.be/Ud6GuH7gSDw?si=OAhnJ_GstYN4tFTG

[Zwei]

poor Javier got involved with shit he does not understand by endorcing this memecoin and he is getting fucked for it. he should have asked Trump for some advice, lol.
i don't think he even made any money out of this, did he?

If he did make money out if than he should be investigated and held accountable. From the most recent coffeezilla update it seems that they had an in with Milei's sister who may have persuaded him to tweet about it so maybe he did it for free but she took the cash https://youtu.be/Ud6GuH7gSDw?si=OAhnJ_GstYN4tFTG

even if he didn't make any money, he, his sister and everyone else involved should be held accountable.
as Coffee said, it's an embarrassment for the whole country that he let a 26 year old fraudster use him to collect $100 mil.

i really hope with how big this is getting reported on, people will finally wake up to the reality that most if not all memecoins are just scams designed to make rich insiders richer.

[shinratensei_]

this is basically just a big scam. but for some reason people are still interested in putting their money in memecoin like this.

some people getting blinded with the prospect while they don't realize their odd is already low ever since the beginning.
with insider traders taking all the cakes, I don't believe there's any chance for retailer to create massive profit anymore, basically a dead speculation tool yet people still throwing their hard earned money just because they think there's still life in solana meme trenches, truth is there isn't anymore. most of project has always been a massive shit fest and full of rugpull.