Argentina's President Under Fire for Proposed Government Cryptocurrency 💰

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. While Melei's administration frames this as a strategy to combat inflation and modernize the economy, the political backlash raises questions about the future of Argentina's national currency and Melei's presidency.