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.

Argentina's president faces his first major political crisis as the so-called "cryptogate" scandal shakes his credibility. What's come to be known as the "cryptogate" scandal is gripping Argentina, with the rapid rise and collapse of the$ LIBRA cryptocurrency at the center of controversy.

Argentine President Javier Milei is facing calls for impeachment after promoting a little-known cryptocurrency, whose price soared then collapsed after his endorsement, leading to losses for thousands of investors.