Amid Increasing Crypto Scandal, Argentina Starts Official Investigation Into $LIBRA Memecoin Crash

Apr 9, 2025 06:00 pm Cryptocurrency 115

Key Takeaways:

Argentina’s Chamber of Deputies has sanctioned a complete probe into the $LIBRA memecoin collapse, which wiped more than $280 million in worth.

Lawmakers will call senior authorities to clarify the government’s involvement in the token’s promotion and fast collapse.

The investigation follows disclosures of insider manipulation and legal action against token developers, hence intensifying criticism of President Milei’s cryptocurrency policy.

With legislators advancing a formal investigation into the disputed $LIBRA memecoin, Argentina is suddenly confronting its most high-profile crypto controversy to yet. Political backlash, regulatory investigation, and growing legal conflicts have followed the token’s downfall following President Javier Milei’s initial promotion.

Legislators Greenlight $LIBRA Token Inquiry

Overwhelmingly at a special session on April 8, Argentina’s Chamber of Deputies approved to form a committee to look into t ..

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