# MileiMemeCoinControversy I didn't promote it, I publicized it”, says Milei after new post about cryptocurrency

The Argentine president posted on social media once again about the cryptocurrency $LIBRA, which generated hundreds of complaints, and tried to defend himself in an interview with local TV.

The president of Argentina, Javier Milei, denied that he promoted the cryptocurrency $LIBRA and stated that he only “publicized” the project on his social network. The statement was made to the local TV channel TN, shortly after the Argentine leader shared information about the digital asset again on his account on the X network.

The post was interpreted as a new incentive to buy the cryptocurrency, leading to an increase of more than 120% in the value of the asset – before another abrupt drop.

Still, Milei tried to distance himself from the controversy, claiming that he had no active participation in promoting the cryptocurrency. “I didn't promote [the alleged scam]; I publicized it”, declared the president, arguing that he acted “in good faith”. The scandal involving the digital currency, which quickly appreciated and then plummeted, generated several allegations of fraud and shook confidence in the Argentine market.