Javier Milei shuts down task force investigating LIBRA scandal
Argentine President Javier Milei has disbanded the Investigative Task Unit (ITU) responsible for probing the LIBRA cryptocurrency scandal. This unit was formed shortly after Milei promoted LIBRA on social media, causing its value to surge dramatically before crashing to zero—a situation many have characterized as a pump-and-dump scheme. The decree to dissolve the task force was signed by Milei and Justice Minister Mariano Cúneo Libarona on May 19, despite pressure from opposition parties to establish an investigative commission. Following the incident, Miles faces severe criticism, with nearly 58% of Argentinians disapproving of his involvement in the scandal, which has raised allegations of insider trading and market manipulation. As developments unfold, the political climate in Argentina regarding Milei's actions continues to be contentious.
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