#MileiMemeCoinControversy In February 2025, Argentine President Javier Milei became embroiled in a significant controversy following his promotion of the cryptocurrency $LIBRA. Initially endorsing the coin as a means to stimulate Argentina's economy and support local entrepreneurs, Milei's public backing led to a rapid surge in $LIBRA's value. However, the cryptocurrency's value plummeted shortly thereafter, leading to substantial financial losses for numerous investors. This abrupt decline raised suspicions of a "rug pull" scheme, where creators inflate a cryptocurrency's value before withdrawing funds, leaving investors at a loss. In response to the scandal, opposition politicians have called for Milei's impeachment, and legal complaints have been filed, accusing him of fraud and dereliction of duty. President Milei has denied any wrongdoing, stating that he was unaware of the project's specifics and intended only to support Argentine initiatives. Despite his assertions, the incident has sparked a federal investigation and widespread criticism, casting a shadow over his administration and potentially impacting his political standing.