Argentina President Faces Impeachment After Milei LIBRA Crypto Scam: Celebrities Just Won’t Learn

Argentina meme coin news has rocked the crypto market, and now Javier Milei might face impeachment over LIBRA crypto. Will they ever learn?

Marketed as a private initiative to support small businesses, LIBRA surged to a $4.5 billion market cap before crashing to $200 million.

Milei posted about LIBRA on his official X account, claiming it was a non-government project designed to help Argentina’s struggling economy.

However, skepticism arose immediately, with many questioning the legitimacy of the token. Within hours, insiders cashed out $87.4 million, leaving retail investors with significant losses.

The country’s fintech chamber suggested the LIBRA case could be a “rug pull,” a scheme where developers abandon a project after profiting from its initial sales.

(Source)

Milei’s Promotion of Argentina Meme Coin LIBRA Crypto Ends in Disaster

Milei’s sudden deletion of the post and claim that he was “unaware of the details” only fueled further controversy. His previous involvement in the Coinx World crypto scandal in 2022, where he endorsed a fraudulent investment firm, has intensified criticism.

Opposition lawmakers, including Leandro Santoro, have called for impeachment, citing international embarrassment and financial irresponsibility.

The LIBRA collapse had broader implications than just Argentina. The sudden liquidity drain impacted the wider meme coin market, with over $6 billion erased in just three hours, just as the market appeared to be recovering.

The TRUMP coin also saw a sharp decline of $500 million in market cap due to reduced liquidity – highlighting a potential new geopolitical battleground in the meme coin space.

Within 3 hours of the launch, insiders in <a rel="nofollow"
…

Meme Coin Market Fallout and Political Consequences For Arentina’s Pro-Crypto President Javier Milei

Despite the backlash, Julian Peh, founder of Kip Protocol and an alleged key figure in Project Libertad (the team behind LIBRA), claimed no funds were sold. Peh insisted that the project was still ongoing but failed to provide details on how it would recover investor confidence.

This debacle underscores a growing problem within the cryptocurrency space: the reckless intersection of celebrity reach and blockchain technology.

When high-profile figures like Milei, Trump, or even <a rel= "nofollow"
target= “_blank”
href= “https://99bitcoins.com/news/hawk-tuah-crypto-revelations-everything-to-know-about-hailey-welch-explanation/”>Hawk Tuah Girl Hailey Welch attach their name to speculative tokens,
it fuels a dangerous cycle
of hype-driven investment without accountability.

The rapid rise and fall exemplify how opportunistic players leverage political credibility to manufacture short-lived market pumps,
offloading
the risk onto uninformed retail investors.

Furthermore,
this event is
a stark reminder that crypto remains a battleground for regulatory uncertainty.
Argentina’s lack
of clear legal frameworks around digital assets escalated this crisis unchecked.

As global regulators scramble to address such abuses,
the meltdown could accelerate crackdowns on unauthorized token promotions
and set
precedent for holding public officials accountable for financial endorsements – although overtures from
new head
of SEC crypto unit suggest Trump is clear for now.

Meanwhile,
on cold Weekend Buenos Aires,and with mounting legal and political pressure,Milei credibility faces its biggest test yet.

Whether he can distance himself from fiasco or face impeachment remains be seen.
Still,argentina’s crypto market remains shaken for now,and investors are left reeling from yet another high-profile collapse.

EXPLORE:<A REL = "NOFOLLOW"
TARGET = “_BLANK”
CLASS = “GENERAL-LINK”
HREF = “HTTPS://99BITCOINS.COM/ANALYSIS/TOP-CRYPTO-TRENDS-FOR-BULL-RUN/”
REL = “NOOPENER”>CRYPTO TRENDS FOR BULLRUN – JANUARY 2025

<A REL = "NOFOLLOW"
TARGET = “_BLANK”

CLASS = “GENERAL-LINK”
HREF = HTTPS://DISCORD.GG/B7UK6AGKQJ
REL = NOFOLLOW NOOPENER NOFOLLOW NOFOLLOW NOFOLLOW NOFOLLOW

NOFOLLOW NOFOLLOW

NOFOLLOW NOFOLLOW

NOFFOW>No Join 99Bitcoins News Discord Here Latest Market Updates

The Post : A REL =”NONOFLOW”, TARGET =”_BLANK”, HREF =”HTTPS://99BITCOINS.COM/NEWS/ARGENTINA-PRESIDENT-FACES-IMPEACHMENT-AFTER-MILEI-LIBRA-CRYPTO-SCAM-CELEBRITIES-JUST-WONT-LEARN/”>ARGENTINA PRESIDENT FACES IMPEACHMENT AFTER MILEI LIEBA CRYPTO SCAM : CELEBRITIES JUST WON’T LEARN APPEARED FIRST ON 99BITCOINS.

.