The News
A judge in Argentina will investigate President Javier Milei’s role in promoting a cryptocurrency that crashed, marking the biggest crisis of his presidency to date.
Opposition lawmakers also threatened to impeach Milei over a post on X about $LIBRA, leading the country’s stock market to lose more than 5% on Monday.
As president, Milei has pushed through several profound economic changes that have led to the first budget surplus in 14 years, and to inflation rates plummeting.
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While the moves have also sent poverty rates soaring, Milei has managed to preserve his popularity, which is now threatened by “cryptogate.” The debacle “is a slap in the face,” Milei told Argentina’s Todo Noticias.
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