Argentina’s President Milei faces impeachment after promoting controversial Cryptocurrency

Argentine President Javier Milei may face impeachment after promoting a cryptocurrency that swiftly climbed in value before crashing, opposition lawmakers announced on Saturday.

Reports in the public domain indicate that on Friday (Feb 14, 2025) evening, Milei posted on social media platform X, recommending a little-known crypto token, ‘ $LIBRE’. The price of the coin surged to nearly $5 soon after, but within hours, it dropped to under $1.