Crypto has sparked a constitutional debate in Argentina. President Javier Milei promoted a memecoin called LIBRA, but it quickly started dumping after wallets controlled by Hayden Davis reportedly withdrew large amounts of liquidity and trading fees. Milei's political opposition is calling for his impeachment, and attorneys are pursuing fraud charges against him. The negative publicity has also caused Solana, the host blockchain for the project, to decline in value. Milei may face impeachment based on the grounds of poor performance due to his promotion of LIBRA. The process involves indictment by the Chamber of Deputies and a subsequent trial in the Senate. Milei's press team is trying to downplay his support of LIBRA. The president's office has opened a corruption probe, and there is a possibility of criminal charges in traditional courts.



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