**Impeachment Threat Looms Over Argentine President Amid Crypto Controversy**

**Amid an uproar, Argentine President Javier Milei is under pressure for allegedly promoting a cryptocurrency that subsequently plummeted in value, prompting calls for impeachment and legal action from opposition figures.**

Argentine President Javier Milei is currently facing unprecedented calls for impeachment, alongside serious legal allegations of fraud, after his controversial promotion of a cryptocurrency on social media backfired spectacularly.

On a recent Friday, Milei took to X, formerly known as Twitter, to endorse the $LIBRA coin, claiming it would provide crucial funding for small businesses and startups. His social media post included a link facilitating the purchase of the coin, which saw a rapid price surge shortly after. However, within a few hours, Milei deleted the post, and the cryptocurrency’s value plummeted, resulting in significant financial losses for investors.

In the wake of this incident, some opposition members of Congress announced their intention to initiate impeachment proceedings against Milei. Furthermore, lawyers swiftly filed complaints of fraud in Argentina's criminal court, escalating the legal ramifications of the controversy.

Critics have drawn attention to a practice known as a "rug pull," where crypto promoters attract buyers only to halt trading and abscond with the funds raised. Online commentators highlighted that the link to purchase $LIBRA corresponded with a phrase often used by Milei in his speeches, casting further suspicion on his actions.

In response to the mounting criticism, Argentina's presidential office stated that the decision to delete the post aimed to prevent further "speculation" in light of public reaction. They clarified that Milei had no involvement in the cryptocurrency's creation and that an investigation led by the government's Anti-Corruption Office would determine whether any misconduct took place, including possible wrongdoing by the president.

Jonatan Baldiviezo, one of the legal plaintiffs, proclaimed that fraud had indeed occurred, emphasizing that the president's promotion was a critical factor in this crime. His assertions have been echoed and amplified by political opponents.

Former President Cristina Fernández de Kirchner, now in opposition, was particularly scathing in her critique, labeling Milei a "crypto scammer" in a post that gained over six million views. Furthermore, the main opposition coalition declared its intention to file for impeachment, branding the situation an "unprecedented scandal."

Esteban Paulón, a representative from the opposition Socialist Party, conveyed via X that he too would pursue the initiation of impeachment proceedings, indicating a strong resolve among opposition members to hold Milei accountable for his actions.