Close Menu
Stratnews GlobalStratnews Global
    Facebook X (Twitter) Instagram
    Trending
    • KSSL Showcases Cutting-Edge Artillery at Indo Defence Expo 2025
    • Webb Telescope Reveals Young Gas Giants Shaping in Distant Star System
    • NASA Halts ISS Launch Over Air Leak in Ageing Russian Module
    • SpaceX May Lose Role in Golden Dome Amid Trump Feud
    • U.S. Military Eyes Space War Readiness Amid Rising China Tensions
    • Iran’s Key Nuclear Facilities and Programme Developments
    • IITs: From Labs to Launchpads
    • Paris Airshow Highlights Aircraft Deals Amid Aviation Uncertainty
    Stratnews GlobalStratnews Global
    Write for Us
    Saturday, June 14
    • Space
    • Science
    • AI and Robotics
    • Industry News
    Stratnews GlobalStratnews Global
    Home » Argentina’s Javier Milei Faces Impeachment Threat Over Crypto Scandal

    Argentina’s Javier Milei Faces Impeachment Threat Over Crypto Scandal

    Kanika SharmaBy Kanika SharmaFebruary 17, 2025 Economy & Culture No Comments2 Mins Read
    Javier Milei

    Argentina’s President Javier Milei Faces Impeachment Threat Over Crypto Controversy

    Argentine President Javier Milei is facing calls for impeachment from opposition lawmakers after promoting a little-known cryptocurrency, $LIBRA, which crashed soon after his endorsement.

    Crypto Endorsement Sparks Political Backlash

    On Friday night, Javier Milei posted on X (formerly Twitter) recommending $LIBRA, causing the token’s value to surge to nearly $5 per coin. However, within hours, the cryptocurrency plummeted below $1, leading to speculation of a possible “rug pull”—a scam where developers inflate a token’s value before selling off their holdings.

    Argentina’s fintech chamber acknowledged concerns that the incident could fit this pattern, adding to the controversy.

    Opposition Demands Impeachment Proceedings

    The opposition quickly responded, with lawmaker Leandro Santoro calling the situation a “scandal that embarrasses Argentina internationally.” Santoro, a member of the opposition coalition, said the event warranted an impeachment trial against Milei.

    Milei Deletes Post, Denies Involvement

    Following the backlash, Milei deleted his post on X after a few hours. Local media reported that the president later distanced himself from the cryptocurrency, stating he had no connection to the project.

    “I was not aware of the details of the project and once I found out, I decided to not continue giving it publicity,” Milei said.

    While it remains unclear whether the endorsement was intentional or a misstep, the incident has intensified political tensions in Argentina, where Milei’s libertarian policies and economic reforms are already under scrutiny.

    With inputs from Reuters

    Author

    • Kanika Sharma
      Kanika Sharma

      View all posts
    Featured
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Reddit Telegram WhatsApp
    Kanika Sharma
    Kanika Sharma

      Keep Reading

      KSSL Showcases Cutting-Edge Artillery at Indo Defence Expo 2025

      Webb Telescope Reveals Young Gas Giants Shaping in Distant Star System

      NASA Halts ISS Launch Over Air Leak in Ageing Russian Module

      SpaceX May Lose Role in Golden Dome Amid Trump Feud

      U.S. Military Eyes Space War Readiness Amid Rising China Tensions

      Iran’s Key Nuclear Facilities and Programme Developments

      Add A Comment
      Leave A Reply Cancel Reply

      Latest Posts

      KSSL Showcases Cutting-Edge Artillery at Indo Defence Expo 2025

      June 14, 2025

      Webb Telescope Reveals Young Gas Giants Shaping in Distant Star System

      June 13, 2025

      NASA Halts ISS Launch Over Air Leak in Ageing Russian Module

      June 13, 2025

      SpaceX May Lose Role in Golden Dome Amid Trump Feud

      June 13, 2025

      U.S. Military Eyes Space War Readiness Amid Rising China Tensions

      June 13, 2025

      Iran’s Key Nuclear Facilities and Programme Developments

      June 13, 2025

      IITs: From Labs to Launchpads

      June 12, 2025

      Paris Airshow Highlights Aircraft Deals Amid Aviation Uncertainty

      June 12, 2025

      Hungary to Sell Key Defence Assets to 4iG as Election Pressure Mounts

      June 12, 2025

      Starlink Applies to Launch Satellite Service in Southwestern Switzerland

      June 12, 2025

      Subscribe to News

      Get the latest sports news from NewsSite about world, sports and politics.

      • Astronomical Events
      • Space Missions
      • Industry News
      • Science
      StratNewsGlobal Tech
      Facebook X (Twitter) Instagram LinkedIn YouTube
      © 2025 StratNews Global, A unit of BharatShakti Communications LLP
      • About Us
      • Contributors
      • Copyright
      • Contact
      • Write for Us

      Type above and press Enter to search. Press Esc to cancel.