Javier Milei News

A Manhattan federal court has frozen $57 million worth of USDC allegedly tied to the controversial Libra memecoin.

The Argentine president has faced a major backlash after promoting a token with all the characteristics of a classic crypto pump-and-dump.

A new Eric Trump token on Solana surged 6,200%, raising rug-pull concerns as blockchain sleuths trace insider wallet activity and repeated scam attempts.

Argentina’s Chamber of Deputies voted to launch an investigation into President Javier Milei on allegations he promoted the Libra memecoin scam.

Polls are divided over President Milei’s approval rating following the Libra scandal, with one recent one suggesting more than half don’t trust him.

The profitable trader sparked insider allegations among crypto investors, as sentiment is still recovering from the recent wave of memecoin scams and rug pulls.

Kelsier Ventures, KIP Protocol and Meteora have been sued in a New York court for their alleged role in the Libra token scandal, which saw around $107 million pooled from investors.

Hayden Davies continues launching memecoins plagued with insider trading activity despite being wanted by Interpol for previous crypto scams.

Crypto firms push for stricter rules on politically endorsed tokens after the $4 billion Libra collapse, citing liquidity locks and insider trading restrictions as solutions

“In my view, these activities should fall firmly within the jurisdiction of law enforcement agencies,” crypto regulations experts told Cointelegraph.

Milei’s LIBRA crypto post sent prices soaring, then crashing. The controversy has left investors dealing with losses and Milei facing a legal and political fallout.

Memecoins are evolving into retail investor traps, with insider trading and rug pulls raising regulatory concerns, industry observers told Cointelegraph.

A recent spate of scandals have dampened retail sentiment on memecoin trading.

Token listing announcements stir up hype, but data shows a majority of tokens sell-off once listed.

California Democratic Party Representative Sam Liccardo is preparing to introduce the MEME Act, which would ban the issuance of memecoins like TRUMP by public officials.