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 tokens of

The controversy has turned what was once a promising regulatory path into political quicksand, leaving Argentina’s crypto landscape in turmoil. The promise of crypto regulation in Argentina, once fueled by the rise of pro-crypto president Javier Milei in late 2023,

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.

A judge in Argentina has been selected to investigate allegations of fraud against President Javier Milei for his brief promotion of a cryptocurrency that collapsed in value hours after it was launched last week.

President Javier Milei posted on X recommending the little-known crypto coin $LIBRE, which soon after shot up to nearly $5 apiece. Hours later, it plummeted to under $1.

A scandal in Argentina involving the cryptocurrency $LIBRA erupted after $99 million was withdrawn by wallets linked to its creator. President Javier Milei, initially endorsing the coin, denied ties as the coin's value surged then plummeted.

The cryptocurrency token, which had the same name as Javier Milei’s political party, rapidly rose in value Friday before cratering, drawing opposition ire.

Argentina's president faces his first major political crisis as the so-called "cryptogate" scandal shakes his credibility. The failed cryptocurrency endorsement sparks legal trouble, political fallout and media backlash.