Argentina's Chamber of Deputies has voted to establish a special commission to investigate top officials in the wake of the LIBRA cryptocurrency scandal, which has affected President Javier Milei's administration since February. Representative Pablo Juliano emphasized the need for Congress to ensure accountability, while supporters defended the government's track record amidst the controversy. The investigation follows the dramatic decline of the LIBRA token, which experienced a massive drop in value shortly after its promotion by Milei, leading to substantial losses for investors. Legal actions are underway to detain Hayden Davis, the alleged central figure behind the token's failure, and other key officials will be summoned as part of the inquiry. The approval of this investigative commission reflects the ongoing scrutiny of possible connections between Milei and the LIBRA developers amid broader concerns about investor protection and regulatory oversight in Argentina's cryptocurrency market.

Source 🔗