BUENOS AIRES (Reuters) – Argentine President Javier Milei would possibly encounter an impeachment take a look at in Congress, resistance legislators claimed on Saturday, after the liberal chief proclaimed a cryptocurrency which collapsed proper after.
Milei late on Friday printed on X advising the obscure crypto coin $LIBRE, which proper after skyrocketed to nearly $5 every.
Just hours in a while, the cryptocurrency dropped to beneath $1.
Argentina’s fintech chamber acknowledged that the scenario would possibly presumably be a “rug pull,” during which the designers of a crypto token draw real monetary investments, inflating the value, simply to in a while dispose their danger.
“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 weblog put up on X, with neighborhood media stating the weblog put up had really been up for a few hours on Friday night. He in a while claimed he eliminated his weblog put up after familiarizing the conditions, 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)
