Javier Milei Faces Impeachment For Promoting Tainted LIBRA Memecoin After Pump And Dump — Argentine Lawyers File Criminal Charges
Posted On February 17, 2025
Argentina President Javier Milei is facing calls for impeachment for promoting a controversial meme coin that first pumped and then dumped in value, destroying millions of dollars in investors’ wealth.
What happened: An opposition bloc, led by Esteban Paulon from the Socialist Party, initiated a trial against Milei, demanding his presence in Congress to address allegations of corruption tied to the LIBRA meme coin launch.
Milei pushed the Solana (CRYPTO: SOL)-based coin via X on Friday, tying it to a private initiative to aid small businesses and encourage investments in Argentina.
The coin’s price shot up to $5 after the president’s post, but within three hours, plunged to $1 apiece as insiders began …
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