Argentine President Faces Impeachment Over Crypto Promotion
Argentine President Javier Milei is under political pressure after endorsing the cryptocurrency $LIBRE, which saw a major crash shortly after his promotion. Opposition lawmakers are accusing him of misleading the public and causing economic harm. Some are even calling for his impeachment, citing potential fraud concerns.
Milei had posted about $LIBRE on social media, leading to a surge in its price before a rapid decline. Following the backlash, he deleted the post and distanced himself from the project. This incident raises questions about the role of political figures in crypto promotions and their impact on investor trust.
