Argentine Congress Approves Probe into Officials Over Libra Scandal
Argentina's Chamber of Deputies approved three resolutions to establish a special commission investigating the LIBRA crypto scandal affecting President Javier Milei's administration. The vote resulted in 128 in favor, 93 against, and 7 abstentions. The commission will summon key officials, including Economy Minister Luis Caputo and Justice Minister Mariano Cúneo Libarona, and request information from the national government. The LIBRA token, promoted by Milei as a means to stimulate economic growth, experienced a rapid rise to a $4.5 billion market cap before crashing nearly 90% in February, resulting in over $250 million in losses for approximately 75,000 investors. Following the crash, fraud charges were filed, and an ongoing judicial probe is examining Milei's connections to LIBRA's developers. This incident follows a previous controversy involving Milei and the CoinX investment platform.
