Argentina’s President Faces Impeachment Over Crypto Plans

About Argentina’s President Faces Impeachment Over Crypto Plans

Argentina's President Javier Melei has ignited controversy by advocating for a government-backed cryptocurrency to replace the peso. He praised the Monero token as a tool for economic recovery, but opposition lawmakers deem the move unconstitutional and are threatening impeachment. Markets have responded with volatility; the peso weakened, Argentine bonds dipped, and Monero saw a 7% trading spike.

Duration

1 min 36 sec

Released

2025