On April 9, according to Decrypt, the Argentine House of Representatives voted on Tuesday to pass three draft resolutions to establish a special committee to investigate the Libra cryptocurrency scandal involving President Javier Milei since February. Free Progress Party legislator Gabriel Bornoroni defended the president during the debate, suggesting that the opposition is creating a spectacle. The investigative body will summon key government officials, including Economic Minister Luis Caputo and Justice Minister Mariano Cúneo Libarona, and will also invite Cabinet Chief Guillermo Francos and National Securities Commission President Roberto Silva to participate in the investigation.

The Libra token, which Milei once praised, had a market value that soared to $4.5 billion but plummeted nearly 90% within a few hours on February 14-15. Shortly after the crash, Milei deleted promotional tweets and claimed he did not understand the project's details. Two days later, the Argentine Criminal Court filed fraud charges. This collapse caused losses of over $250 million for approximately 75,000 wallet holders. The Argentine Congress's investigation runs parallel to the ongoing judicial investigation, which is examining potential connections between Milei and Libra developers. In March, an Argentine lawyer called for the arrest of Kelsier Ventures CEO Hayden Davis for pitching Libra to Milei during a meeting in January.