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 their own.

A scandal in Argentina involving the cryptocurrency $LIBRA erupted after $99 million was withdrawn by wallets linked to its creator.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.

Argentine President Javier Milei is facing impeachment calls after he promoted a little known cryptocurrency libra, which soared and soon plunged. However, it is unlikely to upend Milei’s presidency,