Argentine President Javier Milei is facing calls for impeachment after promoting a little-known cryptocurrency, whose price soared then collapsed after his endorsement, leading to losses for thousands of investors.

Argentine President Javier Milei is facing a corruption probe into his promotion of a meme coin, which is a highly speculative form of cryptocurrency that’s seen a recent surge in popularity after President Donald Trump and his wife launched tokens of

The scandal surrounding President Milei’s endorsement of the LIBRA memecoin has cast doubt on Argentines’ hopes for crypto-friendly regulation.

Argentina’s president spoke out for the first time about a cryptocurrency scandal that has dented his reputation.

The Argentine president is under investigation for inviting investors to invest in the $LIBRA token, deceiving at least 40 citizens who lost over $4 billion. He will have to answer for fraud, insider trading,

The Argentine president, an economist to boot, encouraged the purchase of $LIBRA, the price of which immediately plummeted. The opposition has announced its intention to start impeachment proceedings.

Argentina's president faces his first major political crisis as the so-called "cryptogate" scandal shakes his credibility. The failed cryptocurrency endorsement sparks legal trouble, political fallout and media backlash.