The contract address that the president recently showed was unknown until that moment, according to Santiago Siria, a cryptocurrency expert. He highlights that the problem lies not in price fluctuations but in the use of insider information and disadvantageous transactions for less experienced investors. On the other hand, finance and crypto-assets lawyer, Laureano Bielsa, claims that the proposal behind Libra caused evident financial harm and constituted a scam for failing to fulfill its promise to adequately finance SMEs.
Regarding legal responsibility, Bielsa raises the possibility of an indirect authorship of Milei in the scam, although he emphasizes that the central issue is the scammers involved. He also criticizes Milei's justification of the origin of the controversial tweet as an economist and not as president, since it was published from the official account of a governmental authority. Experts convened by the opposition in the Chamber of Deputies described Milei's actions as a "scam" in the Libra promotion scandal.
Emilse Garzón, a specialized journalist, emphasized Milei's influence in these types of scams, especially in the increase in the value of cryptocurrencies. For his part, Maximiliano Firtman, a programmer and technology communicator, believes that the launch of Libra was a financial fraud perpetrated by unreliable individuals in the cryptocurrency field. Firtman questions the sudden creation of the Libra website just before Milei's tweet, which he believes indicates a suspicious situation. In addition, he highlights the presence of international organizations dedicated to financial fraud in the project environment.
