BUENOS AIRES, Feb 16 — Argentine President Javier Milei could face an impeachment trial in Congress, opposition lawmakers said on Saturday, after the libertarian leader touted a cryptocurrency which crashed soon after.
Late on Friday, he posted on X (formerly Twitter) recommending the little-known crypto coin $LIBRE, which soon after shot up to nearly US$5 (RM22.18) apiece.
Just hours later, the cryptocurrency plummeted to under US$1 (RM4.43).
Argentina’s fintech chamber acknowledged that the case could potentially be a “rug pull,” in which the developers of a crypto token draw legitimate investments, pumping up the value, only to later dump their stake.
“This scandal, which embarrasses us on an international scale, requires us to launch an impeachment request against the president,” said lawmaker Leandro Santoro, a member of the opposition coalition.
— Reuters
