Argentine President Javier Milei is facing a corruption probe into his promotion of a meme coin, which is a highly speculative form of cryptocurrency that’s seen a recent surge in popularity after President Donald Trump and his wife launched tokens of their own.

Argentine President Javier Milei is facing calls for impeachment after promoting a little-known cryptocurrency, whose price soared then collapsed after his endorsement, leading to losses for thousands of investors.

Argentina's benchmark S&P Merval stock index tumbled close to 4% on Monday, after libertarian President Javier Milei touted a cryptocurrency which crashed soon after, in a case the country's fintech chamber said could amount to a "rug pull.

A judge in Argentina has been selected to investigate allegations of fraud against President Javier Milei for his brief promotion of a cryptocurrency that collapsed in value hours after it was launched last week.

The scandal surrounding President Milei’s endorsement of the LIBRA memecoin has cast doubt on Argentines’ hopes for crypto-friendly regulation.

Argentina's President Javier Milei faces potential impeachment after endorsing a cryptocurrency that later crashed. While Milei denied any involvement, opposition lawmakers have raised accusations of fraud.

Argentina's president faces his first major political crisis as the so-called "cryptogate" scandal shakes his credibility. The failed cryptocurrency endorsement sparks legal trouble, political fallout and media backlash.