Argentine Congress Launches Probe into Milei's LIBRA Crypto Scandal

The investigation will examine allegations of fraud and breaches of duty tied to President Milei's promotion of the cryptocurrency, which caused $250 million in investor losses.

• Argentina's Congress has approved a special investigative commission to probe the LIBRA cryptocurrency collapse promoted by President Javier Milei in February 2025.
• The LIBRA token, which Milei called a 'private project' to boost Argentina's economy, saw its value surge before crashing by 90%, leaving 75,000 investors with significant losses.
• Judicial investigations are underway to determine Milei's potential involvement in fraud and his connections to the cryptocurrency's developers.
• Key government officials, including Economy Minister Luis Caputo and Justice Minister Mariano Cúneo Libarona, will be summoned to testify as part of the congressional inquiry.
• This marks Milei's second crypto-related controversy, following a 2022 scandal involving another failed project, CoinX.

3 Articles

Decrypt CoinDesk