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Vitalik Buterin Backs Argentina’s Crypto Community After the LIBRA Scandal

Vitalik Buterin Backs Argentina’s Crypto Community After the LIBRA Scandal

BeInCryptoBeInCrypto2025/02/20 16:48
By:Landon Manning

Vitalik Buterin remains hopeful about Argentina's crypto future despite the LIBRA controversy. His Devconnect proposal sparked Milei's interest.

Ethereum founder Vitalik Buterin suggested hosting Devconnect in Argentina after the LIBRA fallout. He tagged President Javier Milei, who enthusiastically responded to the proposal.

Buterin strongly warned against political meme coins very recently, calling them a “vehicle for unlimited political bribery.” It is unclear how he feels about Milei or LIBRA, but he remains optimistic about Argentina’s crypto scene.

Vitalik Buterin Reflects on LIBRA

Vitalik Buterin, co-founder of Ethereum, is interested in Argentina’s crypto community. Has has spoken positively about the nation’s space for years, claiming it’s a key example of crypto’s real use.

For its users, crypto is not just a gambling mechanism for the first world but a real tool for economic freedom. After the recent LIBRA debacle, Buterin spoke out about this community again:

“The energy and determination to build on Argentina’s current momentum and use crypto and other new technologies to build a prosperous 21st century society is real. The recent news should be taken not as a reason to give up, but rather as an example of why education is so important,” Buterin said.

Buterin claimed that he was still optimistic about the Argentinian crypto community despite LIBRA’s fallout. He proposed that the next Devconnect, a gathering of independent Ethereum developers, be hosted in the country. He also tagged Javier Milei, the President facing legal fallout from the LIBRA scandal, who quickly responded.

Milei didn’t mention LIBRA in his post, merely thanking Buterin for his compliments about Argentinians’ talent. He claimed that “it would be an honor for Argentina to host Devconnect” and said it would be a great opportunity for the country.

“Argentina’s Ethereum community is full of amazing builders, who have already contributed some of the most important software in the Ethereum ecosystem. I continue to be very optimistic about Argentina and Latam’s contributions and role in the space,” Buterin said.

However, it would be a real overstatement to suggest that Buterin approves of Milei or the LIBRA release. Last month, he strongly criticized TRUMP and other political meme coins, calling them “vehicles for unlimited political bribery.”

Considering that leaked texts from Hayden Davis strongly suggest similar acts of bribery, Buterin’s previous assessment of political meme coins was likely correct.

Still, Milei’s cooperation would be very useful in setting up an event like Devconnect in Argentina. Based on this brief interaction, it’s difficult to determine Buterin’s exact feelings towards Milei or the general situation.

Regardless, however, Buterin hasn’t let the LIBRA fallout color his optimism for the broader Argentinian crypto community.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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