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.
155 Articles
155 Articles
Market volatility comes at the worst possible time for Javier Milei
Javier Milei faces difficult days.A series of political defeats, unforced errors and financial setbacks have put the president of Argentina in the most delicate moment of his 16 months in power.A criticized speech in Davos in January and a cryptocurrency scandal in February were followed by a shameful defeat in Congress last week, when the opposition rejected his two nominations for judges of the Supreme Court of Justice of the Nation.The vote o…
Argentina’s opposition manages to open a parliamentary commission to investigate the cryptocurrency scandal
In view of the lack of progress in the investigation in the Argentine courts, the Chamber of Deputies creates a commission that will investigate the scandal involving President Javier Milei
Argentina's Lower House to investigate $LIBRA cryptofiasco
Argentina's Lower House agreed Tuesday to create an investigative commission to examine the $LIBRA crypto fiasco with 128 votes in favor, 93 against, and 7 abstentions. The body will delve into President Javier Milei's promotion of the cryptocurrency on social media, which allegedly led to a scam affecting investors globally after its price surged and then crashed.
Argentina's Congress Approves Investigation Of Scam-Ridden LIBRA Token Promoted By President Javier Milei
Argentina's Chamber of Deputies approved a probe Tuesday into the scam-tainted LIBRA token that has embroiled Javier Milei's administration in controversy. What happened: The lower house voted in favor of three draft resolutions, including the creation of an investigative commission, the questioning of executive branch officials, and a request for information from the government, to investigate the Solana (CRYPTO: SOL)-based cryptocurrency whose…
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