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What was Javier Milei's explanation for his involvement with the controversial meme coin?

According to President Milei, someone approached him with a proposal to create a financial instrument to fund projects in Argentina, which he found interesting. His intention was to help Argentine citizens and businesses through this initiative. Milei defends his actions by emphasizing that despite the controversy that followed (being 'slapped in the face' as he puts it), the state did not suffer any financial losses from his promotion of the coin. He maintains his motives were altruistic, focused on supporting development in Argentina.

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04:40

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Milei Defends His Actions

WION·8 months ago

Answered in this video

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What are meme coins and why should we be cautious about them?

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