February 17, 2025

The cryptocurrency’s value quickly plummeted after Argentine President Javier Milei withdrew his initial endorsement.

Argentine President Javier Milei is facing calls for impeachment after promoting a cryptocurrency that saw its market value soar before collapsing in a matter of hours.

Esteban Paulón, a congressman from the opposition Socialist Party, said in a statement posted to social media platform X that he and two other lawmakers from progressive opposition parties had submitted a formal request to Argentina’s lower house to impeach the president under Article 53 of Argentina’s Constitution.

Source: Argentine’s Milei Faces Calls for Impeachment Over Meme Coin Crash

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