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Argentina's Chamber of Deputies Approves Special Committee to Investigate Libra Meme Coin Scandal
ByAinvest
Wednesday, Apr 9, 2025 11:50 pm ET1min read
A special congressional committee has been formed to investigate President Javier Milei's role in the Libra meme coin scandal in Argentina. The committee will have the authority to summon top government officials and demand documentation from public institutions. Milei has been accused of promoting the meme coin, which surged in value after he shared details on X but collapsed after he deleted the post. Critics have accused Milei of fraud and a "rug-pull" scam, with an estimated $251 million lost by 86% of traders.
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