In February 2025, Argentine President Javier Milei faced intense scrutiny after promoting the cryptocurrency $LIBRA on his social media account. He described it as a private initiative aimed at boosting Argentina's economy by funding small businesses. Following his endorsement, $LIBRA's value skyrocketed from fractions of a cent to nearly $5 per unit, only to plummet to $0.19 within hours. This rapid decline led to over 100 complaints filed with Argentina's Supreme Court, accusing Milei of participating in an alleged scam that reportedly caused financial losses for approximately 40,000 investors. Opposition politicians have called for his impeachment, labeling the incident an "unprecedented scandal." In response, Milei denied any personal gain from the promotion, stating he had no relationship with the cryptocurrency's creators and had not benefited from it. He has since involved the Anti-Corruption Office to investigate any potential misconduct within the government, including his own actions.

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