Milei Had Seven Calls with LIBRA Promoter Before Endorsement

Argentine President Javier Milei engaged in seven phone calls with cryptocurrency promoter Mauricio Novelli on the night of the LIBRA token's launch in February 2025, according to forensic records obtained by investigators. The communications occurred shortly before and after Milei posted about the token on the X social network, drawing fresh scrutiny to his role in the project's rapid rise and subsequent collapse.

The LIBRA token, a memecoin launched by developers including Hayden Davis of Kelsier Ventures, quickly reached a market capitalization exceeding 4 billion following Milei's endorsement. Blockchain data indicates that eight wallets associated with the project withdrew approximately 107 million at the peak, before the token's value plunged by more than 90 percent. This volatility led to significant investor losses, with estimates suggesting tens of thousands of wallets affected, though exact figures remain under review.

Federal investigators in Argentina have named Milei a person of interest in the ongoing probe, focusing on the timing and potential content of the calls with Novelli, a lobbyist linked to the project. A congressional committee reviewing the matter stated...