Argentine lawyers accuse President Milei of fraud over cryptocurrency promotion | CNN Business

MONTEVIDEO, Uruguay AP  — 

Argentine lawyers filed fraud complaints against President Javier Milei in criminal court on Sunday for promoting a cryptocurrency on his social media, one of the lawyers told The Associated Press.

On Friday, Milei posted on X about $LIBRA, a coin that he said was aimed at “encouraging economic growth by funding small businesses and startups.”

He deleted the post a few hours later and the value of the currency collapsed, causing millions of dollars in losses to its brief investors, according to financial site Dexscreener.

The coin, developed by

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