Argentina's president faces his first major political crisis as the so-called "cryptogate" scandal shakes his credibility. What's come to be known as the "cryptogate" scandal is gripping Argentina, with the rapid rise and collapse of the$ LIBRA cryptocurrency at the center of controversy.

Argentine President Javier Milei is facing a corruption probe into his promotion of a meme coin, which is a highly speculative form of cryptocurrency that’s seen a recent surge in popularity after President Donald Trump and his wife launched

The Argentine president, an economist to boot, encouraged the purchase of $LIBRA, the price of which immediately plummeted. The opposition has announced its intention to start impeachment proceedings.

Argentine President Javier Milei faces his first major political crisis as the so-called cryptogate scandal shakes his credibility. The failed cryptocurrency endorsement has sparked a legal and political backlash.

The Argentine president is scheduled to meet with the head of the IMF to secure more funding, and hopes to meet with Donald Trump at the Conservative Political Action Conference

Argentina’s libertarian president Javier Milei has been buffeted by a scandal over his promotion of a memecoin that soared in value before collapsing, triggering impeachment calls and lawsuits.