{"id":118394,"date":"2025-02-15T02:41:28","date_gmt":"2025-02-15T01:41:28","guid":{"rendered":"https:\/\/ceadigilaw.org\/milei-y-la-geopolitica-de-las-criptomonedas-libertad-financiera-o-manipulacion-de-mercado\/"},"modified":"2026-07-17T16:54:56","modified_gmt":"2026-07-17T14:54:56","slug":"milei-y-la-geopolitica-de-las-criptomonedas-libertad-financiera-o-manipulacion-de-mercado","status":"publish","type":"post","link":"https:\/\/ceadigilaw.org\/en\/blog\/milei-y-la-geopolitica-de-las-criptomonedas-libertad-financiera-o-manipulacion-de-mercado\/","title":{"rendered":"Milei and the Geopolitics of Cryptocurrencies: Financial Freedom or Market Manipulation?"},"content":{"rendered":"
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By Antonio Tejeda Encinas<\/span><\/a><\/span> , president Comite Euro Americano Digital Law<\/span><\/a><\/span> CEO Meta Channel Corp<\/span><\/a><\/span><\/em><\/div>\n<\/div>\n
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The promotion of cryptocurrencies<\/strong> by President Javier Milei<\/strong> is not an isolated event or a mere ideological gesture. What might appear to be an endorsement of decentralization and the free market actually conceals a far more complex phenomenon.<\/div>\n<\/div>\n
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First it was CoinX in 2022, now LIBRA in 2025. Both cases reveal a disturbing pattern of conduct: a political leader promoting specific crypto projects that end in financial collapses, massive losses for investors, and a worrying lack of regulation.<\/div>\n<\/div>\n
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Is this mere recklessness, or is there market manipulation driven by hidden interests?<\/div>\n<\/div>\n
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In this analysis, we will explore two key aspects:<\/div>\n
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\"1\ufe0f\u20e3\"<\/span> The geopolitics behind Milei’s crypto policy: Is Argentina a testing laboratory for crypto deregulation, or a piece in a larger financial game?<\/div>\n<\/div>\n
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\"2\ufe0f\u20e3\"<\/span> The regulatory vacuum and its impact on the Argentine economy: How does the lack of oversight turn the country into a haven for large-scale financial fraud?<\/div>\n
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\"1\ufe0f\u20e3\"<\/span> Geopolitics and Crypto Politics: Argentina as a Testing Ground.<\/h3>\n<\/div>\n
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Cryptocurrencies are not merely a financial or technological phenomenon; they are also a geopolitical instrument. Countries with different motivations have adopted diverse approaches to digital assets:<\/div>\n
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\"\u2705\"<\/span> El Salvador (2021): Made Bitcoin legal tender, defying the IMF and seeking financial independence.<\/div>\n<\/div>\n
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\"\u2705\"<\/span> Dubai: Established itself as a crypto hub with favorable regulation and tax benefits.<\/div>\n<\/div>\n
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\"\u2705\"<\/span> The United States and the European Union: Apply strict regulations to balance innovation with market security.<\/div>\n<\/div>\n
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\"\u2705\"<\/span> China and Russia: Restrict the use of cryptocurrencies, as they pose a threat to state control over the economy.<\/div>\n
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\"\ud83d\udd39\"<\/span> Where does Argentina stand on this board?<\/strong><\/div>\n
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Argentina is a country with a historically unstable economy, runaway inflation, and eroded confidence in its national currency. This makes it fertile ground for the mass adoption of cryptocurrencies, but also a perfect target for high-risk speculative operations.<\/div>\n<\/div>\n
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Financial freedom or market manipulation?<\/strong><\/div>\n<\/div>\n
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Milei has gone beyond supporting financial decentralization: he has promoted specific crypto projects with catastrophic consequences.<\/div>\n
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\"\ud83d\udcc9\"<\/span> The CoinX Case (2022): The First Precedent<\/strong><\/div>\n
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\"\ud83d\udd38\"<\/span> Milei, while still a congressman, promoted CoinX on his social media.<\/div>\n<\/div>\n
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\"\ud83d\udd38\"<\/span> CoinX offered guaranteed returns without explaining its financial model (a classic sign of a pyramid scheme).<\/div>\n<\/div>\n
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\"\ud83d\udd38\"<\/span> The National Securities Commission (CNV) intervened and ordered its closure.<\/div>\n<\/div>\n
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\"\ud83d\udd38\"<\/span> The result: Investors lost money and Milei washed his hands of the problem, claiming ignorance.<\/div>\n
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\"\ud83d\udca5\"<\/span> The LIBRA Case (2025): The Bigger Scandal<\/strong><\/div>\n
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\"\ud83d\udd39\"<\/span> Now as president, Milei promoted the LIBRA token from his official X account.<\/div>\n<\/div>\n
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\"\ud83d\udd39\"<\/span> Within a few hours, LIBRA reached a market capitalization of $4.5 billion.<\/div>\n<\/div>\n
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\"\ud83d\udd39\"<\/span> The price fell 89% after its launch, generating massive losses.<\/div>\n<\/div>\n
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\"\ud83d\udd39\"<\/span> Analysts detected signs of pump & dump, a strategy in which the value of an asset is artificially inflated before the profits are withdrawn.<\/div>\n<\/div>\n
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\"\ud83d\udd39\"<\/span> LIBRA’s developers withdrew approximately $87 million before the collapse.<\/div>\n<\/div>\n
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\"\ud83d\udd39\"<\/span> Milei deleted his post and once again claimed ignorance.<\/div>\n
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\"\ud83d\udd34\"<\/span> An evident pattern: promotion, artificial rise, collapse, and disengagement.<\/strong><\/div>\n
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\"\ud83d\udca1\"<\/span> The big question: is it mere irresponsibility, or is there a hidden financial interest?<\/div>\n<\/div>\n
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A president’s endorsement of one specific cryptocurrency is not an innocent act. It generates market confidence and mobilizes investment, benefiting insiders who withdraw their capital at precisely the right moment. By acting as a promotional figure, Milei not only reinforces his libertarian narrative but also amplifies schemes that end up harming small investors.<\/div>\n
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\"2\ufe0f\u20e3\"<\/span> Argentina and the Regulatory Vacuum: A Paradise for Speculation<\/h3>\n
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\"\ud83d\udccc\"<\/span> The lack of crypto regulation in Argentina<\/strong><\/div>\n<\/div>\n
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Argentina has been one of the countries with the highest cryptocurrency adoption, yet without a solid regulatory framework. This has turned the country into fertile ground for fraud.<\/div>\n
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Comparison with other markets:<\/strong><\/div>\n
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\"\ud83d\udccd\"<\/span> The United States and the SEC: Actively investigate crypto fraud and penalize irresponsible promotions (example: Elon Musk and Dogecoin).<\/div>\n<\/div>\n
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\"\ud83d\udccd\"<\/span> Europe and MiCA: Have implemented strict regulations to control the market and prevent scams.<\/div>\n<\/div>\n
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\"\ud83d\udccd\"<\/span> Argentina: Lacks an entity with sufficient authority to intervene in fraudulent schemes such as LIBRA.<\/div>\n<\/div>\n
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\"\ud83d\udd38\"<\/span> The result? A completely deregulated crypto market where any actor can launch a token with no prior requirements.<\/div>\n
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\"\ud83d\udea8\"<\/span> Milei and the Omission of Controls<\/strong><\/div>\n
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Since taking office, Milei has pushed an agenda of extreme deregulation. However, instead of establishing a framework that provides security for investors, he has fostered a model in which:<\/div>\n
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\"\u274c\"<\/span> There are no protections against financial fraud.<\/div>\n<\/div>\n
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\"\u274c\"<\/span> Any person or group can launch a cryptocurrency without prior auditing.<\/div>\n<\/div>\n
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\"\u274c\"<\/span> The oversight institutions (CNV, Central Bank) are limited in their capacity to intervene.<\/div>\n<\/div>\n
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The problem is not the promotion of cryptocurrencies as such, but the way it is done and the consequences it generates.<\/div>\n
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\"\ud83d\udcca\"<\/span> Impact on the Argentine Economy<\/strong><\/div>\n
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The consequences of this regulatory vacuum and Milei’s irresponsible promotion of cryptocurrencies are alarming:<\/div>\n
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\"\ud83d\udd34\"<\/span> \"1\ufe0f\u20e3\"<\/span> Loss of confidence in the Argentine crypto ecosystem \u2192 Inhibiting serious investment in the sector.<\/div>\n<\/div>\n
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\"\ud83d\udd34\"<\/span> \"2\ufe0f\u20e3\"<\/span> Capital flight to safer markets \u2192 Hindering the country’s financial development.<\/div>\n<\/div>\n
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\"\ud83d\udd34\"<\/span> \"3\ufe0f\u20e3\"<\/span> Greater exposure to fraud \u2192 Especially affecting small investors who trust the president’s word.<\/div>\n
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\"\ud83d\udca1\"<\/span> Conclusion: Where is Argentina headed in the Milei era?<\/h3>\n<\/div>\n
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The Milei-CoinX-LIBRA case is not an isolated episode. It is the manifestation of a model of economic governance based on unchecked deregulation, which facilitates uncontrolled speculation.<\/div>\n<\/div>\n
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\"\u26a0\ufe0f\"<\/span> If adequate regulations are not implemented, Argentina will consolidate itself as a high-risk market for crypto investment, where:<\/div>\n<\/div>\n
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\"\u2714\ufe0f\"<\/span> Retail investors will continue to be the main victims.<\/div>\n<\/div>\n
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\"\u2714\ufe0f\"<\/span> The government will assume no responsibility for indirectly endorsed frauds.<\/div>\n<\/div>\n
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\"\u2714\ufe0f\"<\/span> The country will become a magnet for financial projects of dubious legitimacy.<\/div>\n<\/div>\n
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\"\ud83d\udd0e\"<\/span> The final big question: Is Milei merely a naive champion of financial freedom, or is there a pattern of market manipulation with hidden interests?<\/div>\n<\/div>\n
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If the pattern repeats with a third cryptocurrency, the answer will be self-evident.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

By Antonio Tejeda Encinas , president Comite Euro Americano Digital Law CEO Meta Channel Corp The promotion of cryptocurrencies by President Javier Milei is not an isolated event or a mere ideological gesture. What might appear to be an endorsement of decentralization and the free market actually conceals a far more complex phenomenon. First it […]<\/p>\n","protected":false},"author":2,"featured_media":113186,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"wds_primary_category":0,"wds_primary_cea_women":0,"footnotes":""},"categories":[1104,1103],"tags":[],"cea_women":[],"class_list":["post-118394","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis-opinion","category-blockchain-crypto-assets"],"acf":[],"_links":{"self":[{"href":"https:\/\/ceadigilaw.org\/en\/wp-json\/wp\/v2\/posts\/118394","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ceadigilaw.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ceadigilaw.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ceadigilaw.org\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ceadigilaw.org\/en\/wp-json\/wp\/v2\/comments?post=118394"}],"version-history":[{"count":1,"href":"https:\/\/ceadigilaw.org\/en\/wp-json\/wp\/v2\/posts\/118394\/revisions"}],"predecessor-version":[{"id":119221,"href":"https:\/\/ceadigilaw.org\/en\/wp-json\/wp\/v2\/posts\/118394\/revisions\/119221"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ceadigilaw.org\/en\/wp-json\/wp\/v2\/media\/113186"}],"wp:attachment":[{"href":"https:\/\/ceadigilaw.org\/en\/wp-json\/wp\/v2\/media?parent=118394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ceadigilaw.org\/en\/wp-json\/wp\/v2\/categories?post=118394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ceadigilaw.org\/en\/wp-json\/wp\/v2\/tags?post=118394"},{"taxonomy":"cea_women","embeddable":true,"href":"https:\/\/ceadigilaw.org\/en\/wp-json\/wp\/v2\/cea_women?post=118394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}