Opposition politicians are calling for president Javier Milei's impeachment following his endorsement of the $Libra cryptocurrency on social media. He claimed it would boost Argentina’s economy by supporting small businesses. The coin immediately soared in value but later plummeted, prompting accusations of a ‘rug pull’ or fraud. Milei later deleted his post, claiming he was unaware of the project's details, but many have called for his removal from office, accusing him of being involved in the development of the scam. Legal action is being pursued, and federal prosecutors are investigating whether Milei committed fraud or criminal association. Cryptocurrency has exploded in Argentina in recent years, amid a decades-long economic crisis and soaring inflation rates. Analysts have warned that the crisis could damage Milei’s reputation as a custodian of economic recovery – and an anti-corruption president – ahead of mid-term elections later this year.