A major scandal surrounding cryptocurrency has engulfed Argentine President Javier Milei, who faces allegations of fraud following his promotion of the LIBRA memecoin. As the value of LIBRA plummeted by 90%, Milei has been accused of negligence and is currently under investigation by a federal judge. This incident has led to calls for his impeachment from the opposition, further complicating his political standing. Despite denying any wrongdoing, the controversy has harmed Argentina’s financial markets and shed light on broader issues related to the cryptocurrency sector. Amidst these developments, various opinions have emerged on the impact of this scandal on the credibility of cryptocurrency investments.