#MileiMemeCoinControversy In February 2025, Argentine President Javier Milei faced significant backlash after promoting the cryptocurrency $LIBRA, which experienced a rapid surge followed by a sharp collapse. This incident led to allegations of a "rug pull" scheme, where early investors profit at the expense of later ones. The controversy prompted calls for Milei's impeachment and numerous lawsuits alleging ethical misconduct. In response, Milei defended his actions, stating his intent was to support Argentine projects through innovative financial instruments. The scandal also impacted Argentina's financial markets, with notable declines in both the stock market and the peso's value against the dollar.