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- Argentina's President Milei faces impeachment calls amid controversy over cryptocurrency promotion
Argentina's President Milei faces impeachment calls amid controversy over cryptocurrency promotion
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President Javier Milei of Argentina is facing calls for impeachment following his promotion of a lesser-known cryptocurrency called $Libra on X. Milei's tweet, which garnered significant attention from his 3.8 million followers, stated "The world wants to invest in Argentina," leading to a rapid increase in the token's value from nearly zero to nearly $5. The promotion of $Libra has sparked a major scandal in Argentina, with opposition members accusing Milei of promoting a potential scam.
The president has the freedom of expression to raise the issues he wants.
You promoted a private cryptocurrency from your official X account, created by who knows who. You inflated its value taking advantage of your presidential investiture. And, to top it all off, you say that you were 'unfamiliar'! … From self-proclaimed 'global leader' to CRYPTO SCAMMER.
President Javier Milei has decided to immediately involve the Anti-Corruption Office to determine whether there was improper conduct on the part of any member of the national government, including the president himself.
I was not aware of the details of the project and after having become aware of it I decided not to continue spreading it.
Milei is the one who must answer to the Congress. We want to know, step by step, who has benefited from it and how. This is not the first time he has been involved in something like that, but it is aggravated by his current role as president.
The whales (large holders of the asset) bought at practically nothing. Then the price flies and when it is up, they sell. It is known as pump and dump; that mechanic happened.
Argentina under Milei
- Argentina President Javier Milei charged with fraud over cryptocurrency promotion
- Argentina's Senate Passes Milei's Reform Bill Amid Ongoing Protests
- Argentina's Capital City Sees Clashes Between Protesters and Police Ahead of Key Senate Vote on Reform Bill
