# MileiMemeCoinControversy

Argentine President Javier Milei is facing a major scandal after promoting a cryptocurrency called $LIBRA, which saw its value skyrocket before quickly collapsing, leading to accusations of a scam known as “rug pulling,” where early investors bid up the price and then withdraw their money, causing huge losses for other investors.

The collapse has sparked calls for Milei’s impeachment and several lawsuits against him for alleged ethics violations. Milei has defended his actions as part of his tech drive to fund Argentine projects, but the scandal has led to a loss of confidence in the market, with the Argentine stock market index falling more than 5% and the peso falling 2% against the dollar.

Meanwhile, the TV show “La Revuelta” has parodied the scandal, with host Jorge Ponce mimicking Milei’s promotion of the cryptocurrency, highlighting the risks associated with investing in such currencies.

Additionally, Millie is facing a federal investigation into the scandal, with threats of impeachment from opposition lawmakers. The S&P Merval index fell nearly 4% following the events. One of the coin’s creators, Hayden Mark Davis, has described the project as a failed “experiment,” raising questions about the motives behind launching and promoting the coin.

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MileiMemeCoinControversy#MileiMemeCoinControversy $BTC $XRP $XRP