COINDESK DAILY: Argentina's President Faces Impeachment Threats Over LIBRA Token Scandal

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CoinDesk

Business News, News, Daily News, Tech News

4.7 • 698 Ratings

🗓️ 18 February 2025

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

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Summary

Host Christine Lee breaks down the latest news in the crypto industry as Argentina's President Javier Milei addresses the LIBRA token scandal. Argentina's President Javier Milei is facing impeachment threats after endorsing a cryptocurrency called LIBRA, purportedly intended to support small businesses, which instead crashed and lost billions of dollars in value within hours, according to Reuters. CoinDesk’s Christine Lee breaks down the LIBRA token saga on “CoinDesk Daily." - From our sponsor: In Chinese, belief means trust. For 10 years, Consensus has united those who believe in building a new internet where everyone has value. Join us at Consensus Hong Kong February 18 - 20, 2025 where belief becomes real. Connect with global leaders, innovators, and investors shaping the future of Web3, and experience the power of collaboration at the industry's most influential event. Register now: https://go.coindesk.com/3BeigBq - This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee and edited by Victor Chen. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:45.6	That's audible.com slash Wondery UK.
0:49.9	Argentina's president addresses the Libra Meancoigne rugpole as project operatives resign and admit to insider trading.
0:58.9	It's Tuesday, February 18, 2025.
1:01.9	I'm Christine Lee. This is Coin Nest Daily.
1:09.2	We all want to believe in something.
1:11.8	In Chinese, belief also means trust.
1:15.0	We want to trust our systems and each other, so we can build a future beyond what we know.
1:20.6	Join us at Consensus Hong Kong, where belief becomes real.
1:24.5	Argentinian president Javier Millet, defending himself against fraud allegations from the Libra
1:30.6	Memecoin scandal saying he did not promote it, he shared it.
1:35.2	Miele telling local TV channel TN that he is a techno enthusiast.
1:39.9	He acted in good faith, took a hit, but not many Argentinians were impacted as the majority of investors were Chinese and American.
	...

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