Political Turmoil in Argentina

Argentina's President Javier Milei faces serious allegations of cryptocurrency manipulation following the spike and subsequent collapse of a new digital currency he promoted. Lawmakers from the opposition are calling for investigations into his conduct, with claims that he either facilitated a massive fraud or neglected to monitor a scam occurring under his administration. The situation escalated when Milei deleted a tweet announcing the cryptocurrency on his social media, leading many to question his integrity and competence as an economist. This controversy arises amidst a period where he had previously announced the country’s lowest inflation rate in five years, further complicating his political standing and raising uncertainties about his governance.