Argentina Lawmakers Launch Probe Into LIBRA Memecoin Scandal Involving President Javier Milei

Legislators in Argentina take motion to analyze a cryptocurrency scandal involving the president of the nation, Javier Milei.

On February 14, the value of the newly launched Libra Memecoin rose after Milei posted on the mission on his social media accounts.

The token crashed inside just a few hours, which triggered greater than 75,000 retail traders to trigger an estimated $ 280 million in losses. Milei deleted his messages 5 hours after making it.

The incident led to accusations of a carpet pull -scam, which occurs when hindbackers enhance the value of a crypto activum after which abruptly leaves the mission after taking the funds of traders.

The Chamber of Representatives, the Home of Commons of the Argentinian Nationwide Congress, is now pushing forward with the investigation into the scandal after the approval of three design prevention options with regard to scales.

The primary decision to arrange a committee of inquiry was accredited with 128 votes in favor, 93 towards and 7 abstentions.

The second, who strives to query civil servants of the manager, together with Chief of Employees Guillermo Francos, Minister of Financial system Luis Caputo, Minister of Justice Mariano Cúneo Libarona and head of the Nationwide Securities Fee (CNV) Roberto Silva, obtained 131 affirmation of affirmation and 96.

The third decision to request stories from the Nationwide Authorities on totally different points associated to the scales -Cryptocurrency was accredited with 135 votes in entrance, 84 towards and 7 abstentions.

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