#MileiMemeCoinControversy Argentine President Javier Milei is embroiled in controversy after promoting the cryptocurrency $LIBRA, which experienced a significant value decline shortly after his endorsement. Initially, $LIBRA's market capitalization surged to $4.5 billion following Milei's promotion but later plummeted by 94%, leading to substantial investor losses. Opposition lawmakers have filed lawsuits accusing Milei of ethics violations and are pursuing impeachment proceedings, alleging his involvement in a crypto fraud scheme. In response, Milei has denied any wrongdoing, stating he intended to support Argentine projects and was not involved in the coin's development. He has requested an anti-corruption investigation to address the allegations. This controversy has also impacted Argentina's stock market, which fell over 5% amid the scandal.
