The Argentine Congress Approves Investigation into Official Implicated in Libra Token Scandal

BlockBeats News, April 9th, according to Decrypt's report, the Argentine Chamber of Deputies voted on Tuesday to pass three draft resolutions to establish a special committee to investigate the Libra cryptocurrency scandal related to President Javier Milei since February. Free Front for Unity Party lawmaker Gabriel Bornoroni defended the president during the debate, suggesting that the opposition was staging a farce. The investigative body will summon key government officials, including Minister of Economy Luis Caputo and Minister of Justice Mariano Cúneo Libarona, and will also invite Chief of Cabinet Guillermo Francos and Chairman of the National Securities Commission Roberto Silva to participate in the probe.

Milei's praised Libra token once soared to a market cap of $4.5 billion but plummeted nearly 90% in just a few hours on February 14th and 15th. Shortly after the crash, Milei deleted promotional tweets and claimed he was unaware of the project's details. Two days later, an Argentine criminal court filed fraud charges. This collapse resulted in about 75,000 wallet holders losing over $250 million. The Argentine Congress's investigation runs parallel to an ongoing judicial probe, which is examining Milei's possible connections to the Libra developers. In March, an Argentine lawyer called for the arrest of Kelsier Ventures CEO Hayden Davis for pitching Libra to Milei at a meeting in January.