Argentine President Javier Milei Embroiled in Memecoin Scandal

- Argentine President Javier Milei promoted $Libra cryptocurrency on social media
- The cryptocurrency's value surged and then collapsed, causing financial losses for thousands
- Milei faces over 100 complaints at the supreme court and potential criminal investigation
- Opposition politicians accuse Milei of participating in an alleged scam
- Calls for Milei's impeachment have been made, citing his inability to investigate himself
President Javier Milei of Argentina is under fire for his involvement in the rapid rise and fall of the $Libra cryptocurrency. Milei had promoted $Libra on his social media, which led to a surge in its value, but it soon plummeted, resulting in significant financial losses for approximately 40,000 investors. The president is now facing over 100 complaints at the country's supreme court, with opposition politicians accusing him of participating in an alleged scam. Prosecutors are determining whether to proceed with a criminal investigation against Milei and other potential suspects. The controversy has sparked calls for Milei's impeachment, with some politicians arguing that he cannot investigate himself and must appear before congress to address the allegations.