bne IntelliNews – Argentina’s Milei faces impeachment calls over alleged massive crypto scam
Argentina’s President Javier Milei could be subjected to impeachment proceedings after facing widespread criticism for promoting a cryptocurrency that spectacularly crashed hours after his endorsement, wiping billions from its value.
The libertarian president posted a message on X on February 14 evening, endorsing a novel “private project” called $LIBRA, which purported to stimulate Argentina’s economy by financing small businesses. The token’s value surged to nearly $5,000 per coin, reaching a market capitalisation of $4.6bn – comparable to…
