Argentine President Milei Shutters Task Force Investigating Libra Meme Coin Scandal

Argentine President Javier Milei abolished the body in charge of exploring its role in February Controversial lik (scales) meme lacling.

Documents published On the Government’s website on Tuesday shows that the body has been dissolved in the move approved by Javier Milei. According to the website, the working group completed the investigation – but did not reveal further details of the public.

President Milei in February was hit With a criminal complaint after advertising a The same corner Called Libra, which he said would benefit from Argentina. His government set an investigative working group to consider any potential injustice, after political pressure.

There were equally disturbing and citizens after releasing freedom Saltworks-Mides libra; The coin increased in value before it collapsed strongly, which led some investors and observers in the industry to claim that the launch was a pump and landfill scheme.

The criminal investigation is still ongoing.

In the world of cryptocurrencies, meme coins are digital coins that are usually based on online culture, jokes or people and events in the news. Thousands of these assets are forged and released for several days, and very few manage to acquire any significant value. Less still stick to that value.

President Milei denied any abuse after starting. Decipher Came to the Government for comment, but did not immediately get an answer.

But the Argentine leader may have chosen the right time to abolish the Committee, according to James Bosworth, founder of Washington’s risk analysis, Hxagon, which focuses on Latin America.

“Milei is driving right now,” he said Decipher. “His effort to reject the currency control went, as was he hoped, and Peso was stable. He just won a small election in the capital. There is no better moment to just exclude this investigation, preventing bad information from being released before the middle elections later this year.”

The price of the scales in the last 24 hours has killed 60%, according to Coingecko data, perhaps from investors who want to see the controversy faded and that the coin potentially take over the second life. On the daily top above $ 0.04 earlier, this is the highest price for the scale in almost a month.

President Milei won the Presidency in 2023 after a campaign to fight the celestial inflation in South America.

The eccentric leader has so far been able to lower prices in Argentina, who are struggling with one of the highest inflation rates in the world. Last weekend, the president’s party won the legislative election of the capital.

Meme coins made titles this year after President Trump released His official token Solan on the eve of his inauguration.

Meme Coin, based in Solana, grew up in the price after a trade anger before it fell strongly. While the fall for 81% from the top, TRUMP Remains 52. The largest cryptocurrency on the market. His launch attracted criticism of legislators who claimed that the crypto currency was a conflict of interest.

President Milei attracted controversy before becoming the leader of Argentina, when in 2022. sued him For allegedly promotion of the Crypto Investment Platform that promised huge return to users

Edited Andrew Hayward