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It was only a matter of time before @crecimientoar drew attention from Argentine media. Instead of talking about @EFDevcon they are talking about what's going on with Crecimiento. On Tuesday night, one of the country’s most influential political shows (@estoesblender @tomasrebord) explained the situation to the public.
Argentina is particularly sensitive to this topic. The $LIBRA case left a lasting impact, whenever crypto appears in mainstream media, many assume there is something suspicious behind it. This was not the case before LIBRA.
What happened with Crecimiento
- They built a movement and later formed a foundation to gain institutional credibility. We invested in many companies that came from that environment and collaborated with many people related to Crecimiento. A lot of valuable work was done, even if we had disagreements on some parts.
- From that foundation, they incubated a private, for profit company. Many people in their ecosystem didn't even know about it.
- They used the movement’s name and credibility to raise funds for that private company.
- This kind of lobbying and influence seeking is not legal in Argentina.
- They attempted to push for regulatory changes that would financially benefit them.
- They planned to issue a token and launch additional investment rounds during Devconnect.
- Multiple people raised these concerns directly and told them to stop. They chose to continue.
Why it matters
This situation now makes it harder to bring ministers, senators, universities, and business leaders into legitimate crypto and technology initiatives.
A national crypto movement in Argentina cannot be led by two foreign founders seeking to profit from regulatory changes. Argentina has strong nationalist elements across both right and left, ignoring that reality is a political and strategic error.
Instead of trying to silence criticism for explaining this to the English speaking world, the right question is: why did they continue down this path despite repeated warnings?
Some people think exposing problems creates more problems. It's the opposite. Problems don't go away by just hiding them under the rug.
I am not speaking to the press, but several journalists contacted me before and after I raised this issue in X. This matter is not going away, there will be more developments.
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