CNN
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Argentine President Javier Milei is facing calls for impeachment after promoting a little-known cryptocurrency, whose price soared then collapsed after his endorsement, leading to losses for thousands of investors.
The news has caused a major scandal in Argentina, with the opposition accusing Milei of promoting a scam, an allegation that the presidency has denied.
It started with a tweet posted by the president to his X account, which has more than 3.8 million followers. “This private project will be dedicated to encouraging the growth of the Argentine economy,” he wrote, with a link to the $LIBRA cryptocurrency project.
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