#MileiMemeCoinControversy

Milei faces legal heat over crypto controversy as Argentina's stock index experiences a slump

The investigation was assigned on a random basis to veteran Federal Judge Maria Servini after local media reported that more than 100 complaints were presented to Argentina's judiciary and several even to U.S. courts.

An Argentine judge was assigned on Monday to investigate President Javier Milei's role in promoting a cryptocurrency that crashed, the latest shockwave from a scandal that has threatened to slow the libertarian leader's momentum.

Milei late on Friday recommended the little-known crypto coin $LIBRA in a posting on X, kicking off a brief rally. He later deleted the posting and denied having any link to the cryptocurrency, which soon plunged.