Altcoins News

Story: Milei Phone Calls with LIBRA Backer Create Political Storm

By Jean-Luc Maracon

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Investigation Details Emerge. Critics say the calls show a conflict of interest that could wreck Milei's credibility.

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Market Chaos and Regulatory Response. LIBRA's price went wild after the news broke. On April 9, the coin swung from $0.10 to $0.

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Javier Milei got caught. Argentina's libertarian politician made seven phone calls to a LIBRA cryptocurrency backer on the coin's launch night, federal records show.

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The calls happened within hours of LIBRA's debut on April 6, 2026. Milei's office won't explain the timing or what they talked about.

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Critics say the calls show a conflict of interest that could wreck Milei's credibility. His libertarian stance usually aligns with decentralized currencies, making these…

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The scrutiny comes during Milei's campaign push, where transparency is his key talking point.

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On April 8, federal investigators expanded their probe to include financial records tied to LIBRA's marketing efforts.

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The Argentine Securities Commission is watching closely. Carlos Guzmán, their spokesperson, said on April 10 that they're prepared to step in if investigators uncover legal…

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The commission's involvement shows how serious this could get. They oversee financial markets and ensure legal compliance, so their interest means potential regulatory fallout.

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LIBRA launched during Argentina's economic turmoil. The peso dropped notably on April 6, the same day as the coin's debut.

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Milei built his platform on economic reform and reduced state intervention. He's criticized government monetary policies for years.

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The LIBRA coin has maintained robust market activity despite the controversy. Analysts note the volatility is typical for new digital assets, but investor interest hasn't dropped.

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Political allies are feeling pressure too. Key supporters in Milei's Libertarian movement want him to address the allegations publicly.

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The investigation aims to determine if Milei broke any laws or ethics rules. Federal authorities haven't set a timeline for conclusion, keeping the matter unresolved.

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Since launch, LIBRA's market performance continues drawing attention. The coin's value fluctuates significantly, reflecting the volatile nature of meme-based cryptocurrencies.

The Currency Analytics

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