Argentine President Javier Milei arrived in the United States amid the LIBRA memecoin scandal that has struck his administration, aiming to meet with Elon Musk and IMF chief Kristalina Georgieva, and speak at the CPAC conference.
US Visit and Scheduled Meetings
As part of his diplomatic visit to the US, Javier Milei plans to meet with prominent world figures. Meetings are scheduled with Tesla and SpaceX head Elon Musk, and Kristalina Georgieva, head of the International Monetary Fund. Moreover, Milei will participate in the CPAC conference, which is friendly to former US President Donald Trump.
LIBRA Memecoin Scandal
The LIBRA memecoin scandal erupted after Milei on February 14 shared the token's contract address on his social media account, presenting it as a way to boost the Argentine economy. However, the team behind the token is accused of pulling a scam, resulting in investors losing around $251 million.
Opinions and Consequences of the Scandal
According to polls, many Argentinians regard Milei as responsible for investors' losses. Economist Carlos Melconian noted that losing confidence in Milei's words might be the worst consequence of the LIBRA scandal, as trust is essential for any economic program's success.
Javier Milei's visit to the US could potentially change the narrative surrounding his image amid the LIBRA scandal. His meetings with world leaders and participation in international forums might alter public perception of the situation.
