Argentine President Faces Bitcoin Scandal Investigation

Argentine President Javier Milei is facing legal challenges and calls for impeachment following his endorsement of the LIBRA cryptocurrency, which rapidly increased in value before collapsing, causing significant investor losses. Milei insists he merely shared information about the project in good faith and did not actively promote it, despite posting about LIBRA on social media, and claims that most affected investors were experienced traders from the U.S. and China. Federal Judge María Servini is investigating fraud allegations against Milei, amid accusations of insider trading and market manipulation. Opposition figures, including former President Cristina Fernández de Kirchner, have criticized Milei's involvement, labeling it a 'crypto scam' and urging impeachment proceedings. The incident has sparked a broader debate on the regulation of cryptocurrencies in Argentina and the responsibilities of public figures in promoting digital assets.