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Argentina's Congress Approves Investigation Of Scam-Ridden LIBRA Token Promoted By President Javier Milei

  • Argentina's Congress initiated an inquiry into President Milei's promotion of the $LIBRA cryptocurrency.
  • Milei's support for $LIBRA occurred before the currency crashed, leading to investor losses.
  • Experts labeled the $LIBRA situation a "rug pull," where developers cash out after attracting investors.
  • Milei hailed $LIBRA as a "private project" on X on February 14, then deleted the post; he later claimed ignorance.
  • Following the lower house vote, a judge will investigate Milei's connection, and ministers will be summoned amid fraud allegations.
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Buenos Aires Times broke the news in Buenos Aires, Argentina on Tuesday, April 8, 2025.
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