# MileiMemeCoinControversy Argentine President Javier Milei has denied promoting a newly launched cryptocurrency which collapsed shortly after he mentioned it in a social media post on Friday.
The cryptocoin $Libra quickly rose in value before nosediving, causing severe losses for the majority of people who had invested in it.
A judge will now determine if the president should face fraud charges over the incident.
On Monday, Milei said he had acted "in good faith" and dismissed investors' complaints, comparing their actions to people who gamble: "If you go to a casino and lose money, what's there to complain about when you knew the risks?"
Are you ready to take your crypto journey to the next level? ๐ Join us on Binance Square, where we bring you the latest insights, trading strategies, and expert discussions on everything crypto!
๐น Whatโs in it for you? โ Daily crypto market updates ๐ โ Exclusive trading tips & signals ๐น โ Engaging discussions & expert insights ๐ง โ Exciting rewards & giveaways for top followers! ๐
๐ฐ Win Exclusive Gifts! We appreciate our community! Top followers, active participants, and best contributors will get surprise gifts, including Binance merch, trading vouchers, and crypto rewards! ๐
๐ฅ How to Participate? 1๏ธโฃ Follow us on Binance Square 2๏ธโฃ Engage with our contentโlike, share, and comment 3๏ธโฃ Stay active and invite your friends 4๏ธโฃ Win exclusive gifts every week! ๐
๐ Donโt miss out on this opportunity! Join now, be active, and start winning. ๐