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Argentine lawyers filed fraud complaints against President Javier Milei in criminal court on Sunday for promoting a cryptocurrency on his social media, one of the lawyers told The Associated Press. On Friday, Milei posted on X about $LIBRA, a coin that he said was aimed at “encouraging economic growth by funding small businesses and startups.” The coin, developed by KIP Protocol and Hayden Davis, could be obtained by accessing a link that directed users to a website called vivalalibertadproject.com, referring to the well-known phrase with which Milei closes speeches and messages on his social media.

President Trump has been back in the White House for less than a month. Yet many of the most popular “Trump trades” have already seen their momentum wane, while Chinese and European stocks — which had struggled in the aftermath of his electoral victory — are racing ahead.

History has taught us it’s possible for the economy to flourish and the stock market to rise despite emerging headwinds.

The gathering could reassure global investors that “another crackdown is not around the corner,” one analyst said.

The cryptocurrency token, which had the same name as Javier Milei’s political party, rapidly rose in value Friday before cratering, drawing opposition ire.

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