Argentine President Milei Shutters Task Force Investigating Libra Meme Coin Scandal
Argentine President Javier Milei has dissolved a task force investigating his involvement in the controversial launch of the Libra meme coin. The task force, which was established amid political pressure following criminal charges against Milei, completed its investigation without public disclosure of findings. The Libra coin experienced a significant price surge before crashing, leading to allegations of a pump-and-dump scheme. A criminal investigation is ongoing. Despite the controversy, Milei's administration has seen some success in stabilizing the peso and winning recent elections. The price of Libra increased by 60% recently, possibly reflecting investor optimism as the investigation concludes. Milei's presidency began in 2023, focusing on combating high inflation in Argentina.
