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…
