PANews reported on April 9th that, according to Cointelegraph, Argentine deputies support an investigation into President Javier Milei's alleged involvement in the Libra (LIBRA) cryptocurrency scandal. The House of Representatives passed the investigation proposal with 128 votes in favor, 93 against, and 7 abstentions. Previously, the proposal failed to advance in the Senate.
Before this news broke, Milei had promoted the LIBRA meme coin on social media. Leveraging the credibility of government officials and 380,000 followers, the token's price quickly rose to $5, with its market value briefly touching $4 billion. Subsequently, Milei faced allegations of misconduct. Critics claimed that LIBRA was a "rug pull" scam, with Milei luring investors. Lawyer Jonatan Baldiviezo, along with Marcos Zelaya, engineer María Eva Koutsovitis, and former Argentine Central Bank governor and economist Claudio Lozano, filed a lawsuit against Milei, accusing him of fraud.
