Argentine President Javier Milei is facing a corruption probe into his promotion of a meme coin, which is a highly speculative form of cryptocurrency that's seen a recent surge in popularity after President Donald Trump and his wife launched tokens of their own.

Argentina's aspirations for crypto adoption have been dealt a blow following the Libra meme coin scandal involving famed economist Javier Milei.</

In a television interview, Milei said the scandal was a "slap in the face", and he described himself as a "techno-optimist" who was just trying to "help fund Argentine projects". Lashing out at political opponents who had criticised him, he said that "every day they confirm how lowly politicians are".