#MileiMemeCoinControversy Argentine President Javier Milei's endorsement of the cryptocurrency $LIBRA has sparked intense controversy. The cryptocurrency's value skyrocketed before plummeting, leaving over 40,000 investors with significant losses. Allegations of a "rug pull" scheme have surfaced, with many questioning Milei's involvement.

Milei deleted his promotional post and claimed ignorance of the project's specifics, but investigations have revealed that a small group of insiders profited over $100 million from the venture. This has prompted legal actions, calls for impeachment, and a decline in Argentina's financial markets.

Milei's political future is now uncertain as judicial probes continue. Critics argue that his actions have damaged the country's economy and undermined trust in the government. The scandal has also raised questions about the regulation of cryptocurrencies in Argentina and the need for greater transparency in government-endorsed projects.