Argentine libertarian Javier Milei, who is planning to meet with former US President Donald Trump and secure fresh IMF funds, has found himself in a crypto memecoin scandal. Late Friday night, Milei directed his followers to a site that purported to raise money for small businesses in Argentina using cryptocurrency. Meanwhile, digital currency entrepreneur Hayden Davis noticed the value of the Libra token, a memecoin he helped launch, begin to surge. The market value of the Libra token soared past $1 billion, $2 billion, and eventually over $4 billion. The Argentine government has launched a probe into the incident. — news from Bloomberg
