Argentine President Javier Milei faces an impeachment process over the promotion of the LIBRA token. The opposition claims that Milei's actions have tarnished the country's international reputation and misled investors, calling for an official impeachment process in Congress.
Recently, Milei introduced the LIBRA token on social media, stating that the project was designed to support small and medium-sized businesses. However, after the token rapidly surged to a billion-dollar market valuation, the president deleted his post, leading to a 90% price crash. While Milei later claimed that he was not fully aware of the project and had promoted it by mistake, the opposition argues that the incident could be part of an organized fraud scheme.
Independent analysis platforms have revealed insider trading activities, with some investors reportedly making millions of dollars. In response, the government has launched an official corruption investigation. However, the opposition insists that an investigation alone is insufficient and that Milei should be removed from office. In the coming days, crucial votes in the Argentine Congress are expected to determine the president’s political future.
