#MileiMemeCoinControversy In February 2025, Argentine President Javier Milei faced intense scrutiny after promoting the cryptocurrency $LIBRA. Shortly after his endorsement, $LIBRA's value skyrocketed from $0.000001 to $5.20 within 40 minutes, only to plummet by 85% as founders sold off their holdings, leading to significant investor losses. Milei denied any wrongdoing, stating he merely shared information about the project and was unaware of its specifics. Despite calls for impeachment and legal investigations, analysts believe the scandal's impact on Argentine assets will be short-lived, as a two-thirds congressional majority is required for impeachment, which seems unlikely.