Immediate Reactions and Political Fallout
's promotion of the $LIBRA cryptocurrency led to a rapid increase in its value, followed by a swift collapse, sparking accusations of fraud and demands for investigation from opposition figures and the public.
Opposition leaders, including former president , have called for impeachment proceedings against Milei, while others suggest forming a special inquiry commission to investigate the affair.
Milei's Response and Public Reaction
Milei deleted his social media post and claimed he had no prior knowledge of the project details, distancing himself from the cryptocurrency after its value plummeted.
Critics and supporters alike expressed their views on social media, with some alleging the scheme was a "rug pull" scam, and others defending Milei, arguing there was no criminal intent.