{"id":13362,"date":"2025-02-16T14:32:52","date_gmt":"2025-02-16T14:32:52","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=13362"},"modified":"2025-02-16T14:32:52","modified_gmt":"2025-02-16T14:32:52","slug":"argentina-opposition-threatens-milei-with-impeachment-over-libra-token-tweet-reuters","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=13362","title":{"rendered":"Argentina Opposition Threatens Milei With Impeachment Over LIBRA Token Tweet: Reuters"},"content":{"rendered":"
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Argentina’s President Javier Milei is facing impeachment threats<\/a> after endorsing a cryptocurrency called LIBRA, purportedly intended to support small businesses, which instead crashed and lost billions of dollars in value within hours, according to Reuters.<\/p>\n

In a now-deleted late Friday post on X, Milei promoted LIBRA<\/a> as a privately run project designed to raise money for small and medium-sized Argentinian companies, adding that he doesn’t stand to reap personal gain from the project.<\/p>\n

The token rapidly surged to a market capitalization of about $4.5 billion amid confusion over the legitimacy of Milei’s tweet, with speculation that his account may have been compromised or that scammers had deceived him.<\/p>\n

Milei deleted the post five hours later, saying that he was \u201cnot aware of the details of the project” and, now informed, has chosen not to continue promoting it.<\/p>\n

The market then panicked, with insiders cashing out $87.4 million worth of tokens, according to data sources Kobeissi Letter and Bubblemaps<\/a>. The token’s market cap crashed 90%, erasing over $4 billion in market cap.<\/p>\n

The country’s fintech chamber said the LIBRA case could potentially be a \u201crug pull<\/a>,” in which developers abandon a project after taking in cash from the initial sale.<\/p>\n

“This scandal, which embarrasses us on an international scale, requires us to launch an impeachment request against the president,\u201d lawmaker Leandro Santoro, a member of the Argentine opposition coalition, said Saturday, according to Reuters.\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Argentina’s President Javier Milei is facing impeachment threats after endorsing a cryptocurrency called LIBRA, purportedly intended to support small businesses, which instead crashed and lost billions of dollars in value within hours, according to Reuters. In a now-deleted late Friday post on X, Milei promoted LIBRA as a privately run project designed to raise money […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-13362","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13362"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13362\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}