What happened after President Javier Milei's cryptocurrency endorsement in Argentina?

After President Milei endorsed a little-known cryptocurrency, its price initially soared but then dramatically collapsed, resulting in billions of dollars in losses for investors. This financial disaster has led to serious political repercussions in Argentina, with opposition forces calling for Milei's impeachment over the incident. While such impeachment calls aren't entirely unusual in Argentina's political landscape, the situation has escalated due to the significant financial impact on investors and potential concerns about fraud, with government investigations likely underway.