#MileiMemeCoinControversy la

The recent controversy surrounding Argentina’s President Javier Milei’s promotion of the cryptocurrency $LIBRA has rocked the country’s political and economic landscape. It all started when Milei shared information on social media about $LIBRA, a memecoin designed to finance small businesses in Argentina. Following his promotion, the coin’s value skyrocketed, reaching a market cap of $4.56 billion, only to plummet 94% after Milei deleted his post .

The dramatic decline has led to accusations of fraud and calls for impeachment from the political opposition, which alleges that Milei participated in a fraudulent scheme involving the cryptocurrency . In his defense, Milei has maintained that he acted in good faith, saying he was simply “spreading the word” about $LIBRA and had no direct involvement in the project