# Milei promotes the $LIBRA token that then collapses

Date: 2025

## The fact

On 14 February 2025 President Milei publicly promoted a cryptocurrency token branded $LIBRA; the token then collapsed and prosecutors opened files.

## Context

He deleted the post. Neighbouring surplus 2024 is a different fiscal file. He did not sit as a securities judge.

Ley Bases 2024 is neighbouring reform. Midterms 2025 are later.

The President of Argentina heads the federal executive, issues decrees of necessity and urgency subject to congressional review, and appoints the cabinet. He does not write INDEC prints, an IMF board decision, a [US Treasury](/organizations/us-treasury) backstop, or a Central Bank balance sheet by himself. Congress, governors, the BCRA, and coalition deputies share specific files. Dollarisation announced is not dollarisation completed.

## Evidence and sources

Casa Rosada carries the official instrument or communique. Reuters records the same dated act independently.

## Significance

The path is [institutional corruption](/drivers/institutional-corruption) and [household purchasing power](/drivers/household-purchasing-power): a completed presidential token promotion that collapsed is a dated integrity-and-pocket shock. Guilt is not a completed verdict here.

## What is established and what is not

Established: 14 February 2025 public promotion and subsequent collapse, independently reported, with later inquiries.

Not established: a completed criminal conviction, or a unique later peso coefficient from that Friday.

What would change the picture: a contradictory original with a different date or name, a later repeal, a court that vacated the instrument, or a measured series that can be argued, with lag and alternatives, as a consequence of this instrument rather than of later institutions.

The date is the date of this instrument, not a licence to back-date every later harm or benefit.

Issuers sat. Buyers lost. Prosecutors opened files. He denied a scam.. A later repeal, court stay, or successor order would be a different Fact with a different date. That pair identifies Milei promotes the $LIBRA token that then collapses, not a later speech about Milei promotes the $LIBRA token that then collapses.

Co-authors and later implementers named in Context remain on the file. Milei promotes the $LIBRA token that then collapses on 2025-02-14 is not a licence to treat every later Casa Rosada communique as this same act. If a later repeal, stay, or successor instrument exists, it needs its own date and its own row. This dossier refuses to average Milei promotes the $LIBRA token that then collapses into a personality. The contribution described on this Person row is limited to He promoted the token. Issuers sat. Buyers lost. Prosecutors opened files. He denied a scam. That limit is the alternative to treating office-holding as authorship of every later series.

## People

- Javier Milei: https://factrail.ai/people/javier-milei

## Drivers

- Institutional Corruption: https://factrail.ai/drivers/institutional-corruption
- Household Purchasing Power: https://factrail.ai/drivers/household-purchasing-power

## Sources

- https://www.reuters.com/world/americas/milei-libra-crypto-collapse-2025-02-14/
- https://www.casarosada.gob.ar/

## Methodology

https://factrail.ai/methodology

Canonical: https://factrail.ai/facts/ar-libra-2025