Argentina president faces impeachment calls over crypto crash
Argentine President Javier Milei is facing impeachment calls - and legal action accusing him of fraud - over his promotion of cryptocurrency on social media.Milei posted on X, formerly Twitter, about the $LIBRA coin on Friday, which he said would help fund small businesses and start-ups.
He shared a link to buy it, causing its price to shoot up. But within a few hours, he deleted his post and the cryptocurrency nosedived in value, losing investors most of their money.Some opposition members of Congress say they plan to start proceedings to impeach Milei.
Meanwhile, lawyers filed complaints of fraud in Argentina's criminal court on Sunday.Some people online have accused Milei of what is known as a "rug pull" - where promoters of a cryptocurrency draw in buyers, only to stop trading ac...
