BUENOS AIRES (Reuters) – Argentine President Javier Milei might encounter an impeachment test in Congress, resistance legislators claimed on Saturday, after the liberal leader proclaimed a cryptocurrency which collapsed right after.
Milei late on Friday published on X advising the obscure crypto coin $LIBRE, which right after skyrocketed to virtually $5 each.
Just hours later on, the cryptocurrency dropped to under $1.
Argentina’s fintech chamber recognized that the situation might possibly be a “rug pull,” in which the designers of a crypto token draw genuine financial investments, inflating the worth, just to later on dispose their risk.
“This scandal, which embarrasses us on an international scale, requires us to launch an impeachment request against the president,” claimed legislator Leandro Santoro, a participant of the resistance union.
Milei erased the blog post on X, with neighborhood media stating the blog post had actually been up for a couple of hours on Friday evening. He later on claimed he removed his blog post after familiarizing the situations, which he had no relationship to the cryptocurrency.
“I was not aware of the details of the project and once I found out, I decided to not continue giving it publicity,” he claimed.
(Reporting by Jorge Otaola; Writing by Kylie Madry; Editing by Chizu Nomiyama)
