Argentina’s libertarian president, Javier Milei, posted a link on X/Twitter to promote $Libra, a new cryptocurrency that, in his words, would “promote economic growth in Argentina and fund small business and entrepreneurship in Argentina.

Argentinian lawmakers have frozen $100 million connected to the President Milei-backed LIBRA meme coin scam that rug pulled investors last month after surging to a $4.5 billion market cap and crashing to 0 in six hours,

A meme coin scandal and investigation have dented the popularity of Argentina's libertarian President Javier Milei and hindered his efforts to strengthen political alliances ahead of congressional midterm elections this year.

Market players say the meme coin frenzy has become exhausting. "Sentiment now is probably as low, or probably lower than the FTX collapse."

On February 14, Javier Milei posted a link to the Libra meme coin project on X, touting its dedication to “encouraging the growth of the Argentine economy.” Hours later, the Argentine President deleted the tweet and posted, “I was not aware of the details of the project and after having become aware of it I decided not to continue spreading it.”

Hong Kong authorities have had to deny the launch of an "official" Solana token, saying the matter has been turned over to local police.

Investor enthusiasm for meme coins has significantly declined following a string of failed launches and rug pulls, according to CoinGecko.

The budding scandal in Argentina has been dubbed locally as “cryptogate” and has links to a diverse cast of characters, including a high-profile U.S. influencer, a crypto developer who uses the pseudonym “Meow,” and a 28-year-old American entrepreneur who said he helped launch first lady Melania Trump’s meme coin last month.

Solana’s decentralized exchange (DEX) volumes remain competitive with Ethereum’s ecosystem despite a sharp decline in meme coin trading activity.

New York’s Bill A06515 aims to crack down on crypto fraud, introducing strict penalties for meme coin rug pulls, private key misuse, and undisclosed token holdings.

California Democrat Rep. Sam Liccardo is proposing legislation that takes aim at President Donald Trump's meme coin.

BUENOS AIRES (Reuters) - A meme coin scandal and investigation have dented the popularity of Argentina's libertarian President Javier Milei and hindered his efforts to strengthen political ...