A social media post by Argentine President Javier Milei endorsing a cryptocurrency has sparked controversy, backlash, and impeachment threats
Argentine President Javier Milei is under fire and facing impeachment threats after promoting a cryptocurrency in a social media post, which later crashed.
Milei posted on X endorsing the little-known crypto coin $LIBRA, causing its value to surge to nearly $5 per token. However, just hours later, the cryptocurrency plummeted to below $1.
Argentina’s fintech chamber has acknowledged that the case could potentially be a "rug pull," a scheme in which developers inflate a token’s value through legitimate investments before selling off their holdings and causing its collapse.
Opposition lawmakers have announced plans to file an impeachment request against the president.
Milei deleted the post after a few hours, claiming he was unaware of the circumstances and had no connection to the cryptocurrency.
Argentina’s Presidential Office has announced the creation of a task force to investigate the launch of $LIBRA and the companies and individuals involved in its operation.
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Israeli citizens have protested outside the Knesset and Prime Minister’s residence against a controversial law that would alter the judicial appointment committee, a move critics warn could shift power within the judiciary and spark a constitutional crisis.
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Sweden’s Prime Minister Ulf Kristersson stated on Thursday that purchasing U.S. weapons does not pose a security risk for his country, but emphasized the need for Europe to reduce its reliance on American defense systems. His comments come amid growing discussions within Europe.
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Italy is conducting a study of its space and satellite communications market, with the possibility of issuing a call for tender later this year, signaling the country’s growing interest in expanding its role in the satellite communications sector.
The European Commission has called for enhanced preparedness across Europe, urging improved stockpiling of critical supplies and encouraging citizens to maintain emergency provisions for at least 72 hours.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund, highlighted the potential for international investors, particularly from the Global South, to contribute to the development of Russia's Arctic region, driven by the opening of the Northern Sea Route due to global warming.
Israeli citizens have protested outside the Knesset and Prime Minister’s residence against a controversial law that would alter the judicial appointment committee, a move critics warn could shift power within the judiciary and spark a constitutional crisis.
Britain's proposed assisted dying law for terminally ill individuals may be delayed until 2029, following amendments to the legislation that extend the timeline for implementation and add new safeguards, with the bill still needing approval from both the House of Commons and the House of Lords.
The European Union’s enlargement process continues to move forward, but without mention of Georgia. In a speech at the European Policy Center in Brussels on March 25, European Council President Antonio Costa highlighted the EU’s commitment to integrating Ukraine, Moldova, and the Western Balkans.
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