Argentine President Javier Milei is facing withering criticism, including some calls for impeachment, after promoting a new cryptocurrency on his social media account. In a since-deleted post from his personal account on X on Feb. 14, Milei shared a link to a site where users could purchase a cryptocurrency called $LIBRA, a coin attached to a new initiative called Project Libertad, whose website indicates funds from the coin launch were designed to support Argentine businesses. In his post, Milei indicated the coin and the project would help the country’s economy and small businesses. Soon after launching, the coin’s price rose from about $0.22 to more than $5. Yet within an hour of the launch, buyers began to notice sales from early purchasers, and the price tanked some 70%. According to crypto analytics firm LookOnChain, eight digital wallets linked to early trading of the coin cashed out a total of $107…
