Overview
- In February, President Milei promoted LIBRA via his personal X account, driving its market capitalization to about $4.5 billion.
- The token plunged by 90% within hours, erasing over $4 billion and leaving 86% of traders with combined losses of $251 million.
- Argentina’s Anti-Corruption Office ruled that he acted as an economist in a personal capacity and did not breach public ethics laws.
- The Investigative Task Force established by the Chamber of Deputies was disbanded after delivering its report to prosecutors.
- Hayden Davis reportedly bragged in text messages about influencing Milei through payments to his sister, Karina.