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Argentine President Faces Scandal Over Endorsed Cryptocurrency Crash

Posted on February 20, 2025

Argentine President Javier Milei is embroiled in controversy after the cryptocurrency $LIBRA, which he promoted, experienced a significant crash, leading to substantial investor losses. The incident has sparked fraud allegations and calls for his impeachment. Milei denies actively promoting the cryptocurrency, stating he merely shared information about it. Over 110 complaints have been filed, prompting a federal investigation. This scandal emerges as Milei prepares for critical economic discussions in Washington, potentially impacting both his presidency and the broader cryptocurrency industry.

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