Javier Milei’s crypto misadventure

Javier Milei is facing his presidency’s first big scandal. On February 14th he posted on X, a social-media service, in praise of a cryptocurrency called $LIBRA, saying it would fund “small companies and Argentine ventures”. Thousands of people bought in over the next hour. The price surged from 21 cents at the time of Mr Milei’s post to peak at $5.54, then collapsed.