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 revealed on X advising the obscure crypto coin $LIBRE, which proper after skyrocketed to just about $5 every.
Just hours afterward, the cryptocurrency dropped to underneath $1.
Argentina’s fintech chamber acknowledged that the scenario would possibly probably be a “rug pull,” through which the designers of a crypto token draw real monetary investments, inflating the price, simply to afterward 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 publish on X, with neighborhood media stating the weblog publish had really been up for a few hours on Friday night. He afterward claimed he eliminated his weblog publish 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)
