Cardano founder Charles Hoskinson commented on the controversy surrounding the Libra token, stating that he believes Argentine President Javier Milei was not directly involved but was taken advantage of by insiders. The promotion of the Libra token by Milei caused its market capitalization to surge but then its value plummeted, leading to significant investor losses and concerns about insider withdrawals. Argentina's Anti-Corruption Office has launched an investigation into Milei and his cabinet, and international law firms are reportedly preparing lawsuits against him. Hoskinson expressed disappointment that the blockchain industry could have revolutionized Argentina but the controversy has damaged the technology's reputation. He also cited political instability and deregulation as concerns for working with Milei's administration.



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