The resounding congressional defeat could complicate the implementation of President Javier Milei’s radical state overhaul of Argentina.
Critics see the move as an overreach of executive power and an attempt to fill the judiciary with loyalists.
The president of Argentina tweeted about a digital token called $LIBRA shortly before it collapsed.
Thousands of Argentinians protested after Milei compared homosexuality to paedophilia and announced that feminicide would be removed from the penal code.