The leftist opposition in Argentina want to impeach President Javier Milei for promoting a cryptocurrency that tanked in value.
He posted on the X platform on Friday evening promoting a little-known crypto coin $LIBRA, causing its value to rise to $5 apiece.
In his initial post, Milei said the coin “incentivize the growth of the Argentine economy, funding small companies and Argentine ventures.”
“Liberal Argentina is growing,” he wrote. “The world wants to invest in Argentina.”
However, its value soon collapsed, losing 80 percent in a matter of hours.
Milei has since deleted his post and said he was not involved in the project.
He explained:
A few hours ago, I posted a tweet, as I’ve done countless other times, supporting an alleged private venture with which I obviously have no connection whatsoever.
I wasn’t aware of the details of the project, and after learning more, I decided to stop promoting it (which is why I’ve deleted the tweet).
To the filthy rats of the political establishment who want to take advantage of this situation to cause harm, I want to say that every day you confirm just how despicable politicians are, and you only strengthen our resolve to kick you out on your asses.
Hace unas horas publiqué un tweet, como tantas otras infinitas veces, apoyando un supuesto emprendimiento privado del que obviamente no tengo vinculación alguna.
No estaba interiorizado de los pormenores del proyecto y luego de haberme interiorizado decidí no seguir dándole…
— Javier Milei (@JMilei) February 15, 2025
Leftists are now using the unfortunate outcome to try and impeach Milei.
“This scandal, which embarrasses us on an international scale, requires us to launch an impeachment request against the president,” said opposition lawmaker Leandro Santoro.
Since winning the presidency at the end of 2023, Milei has embarked on an ultra-libertarian agenda that has involved aggressive austerity to try and turn around the Argentinian economy that was widely considered a basket case.
His reforms have produced effective results, bringing the country’s inflation rate down to the lowest level in four years.
A poll taken in December also found that Milei was the most popular head of state in all of South America with an approval rating of 51.8 percent.
The post Argentinian Leftists Want to Impeach Javier Milei For Promoting a Crypto Coin That Tanked in Value — He Brands Them ‘Filthy Rats’ appeared first on The Gateway Pundit.