Argentina’s opposition threatens impeachment trial after Milei touts crypto coin
BUENOS AIRES (Reuters) – Argentine President Javier Milei could face an impeachment trial in Congress, opposition lawmakers said on Saturday, after the libertarian leader touted a cryptocurrency which crashed soon after.
Milei late on Friday posted on X recommending the little-known crypto coin $LIBRE, which soon after shot up to nearly $5 apiece.
Just hours later, the cryptocurrency plummeted to under $1.
Argentina’s fintech chamber acknowledged that the case could potentially be a “rug pull,” in which the developers of a crypto token draw legitimate investments, pumping up the value, only to later dump their stake.
“This scandal, which embarrasses us on an international scale, requires us to launch an impeachment request…
