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Argentina's president could face impeachment over fake meme coin promotion Argentina's opposition lawmakers said on Saturday that the country's embattled president, Javier Milei, will face impeachment in Congress for promoting a fraudulent meme coin that has plummeted in value, Reuters reported. Milei introduced the unknown Libra currency on social media late Friday, sending it to nearly $5 per unit. Within hours, the cryptocurrency had plunged 95 percent. "This scandal, which is embarrassing us internationally, requires the impeachment of the president," said opposition coalition lawmaker Leandro Santoro. The Argentine Chamber of Financial Technology said the case was likely a "rug pull" scam. The Argentine president said after removing his ad that he had nothing to do with the cryptocurrency and was unaware of the details of the project.
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