The Argentine Parliament's commission has concluded its investigation into the cryptocurrency scandal, holding President Javier Milei directly responsible for orchestrating the scheme involving the Libra token. According to opposition lawmaker Maximiliano Ferraro, this conclusion was reached through an analysis of technical data, documentation, and witness testimony. The investigation documented meetings between Milei and the token’s creators, indicating his direct involvement in the project.
In February 2025, Milei posted on the social media platform X about the Libra cryptocurrency, urging his followers to invest in it to support small businesses. The name of the token closely echoes that of the president's party, La Libertad Avanza. Milei shared a message linking to an exchange where Libra could be purchased. A few hours later, he deleted the post and denied any involvement, claiming he decided to refrain from disseminating information without first studying the details. Nevertheless, shortly after his tweet, the token's price soared and then rapidly plummeted.
The consequences for investors were catastrophic. According to the parliamentary commission, 114,000 individuals were affected. However, Milei insisted that only four or five Argentinians suffered from the crash, with the majority of investors being foreigners. Many citizens have filed complaints with law enforcement, demanding an investigation.
The 200-page report from the commission, which contains evidence of Milei's responsibility, has been submitted to the consideration of the Chamber of Deputies. Policymakers from the executive branch have failed to provide any explanations regarding the scandal for several months, intensifying suspicions of an attempt to conceal the truth about the scale of the crime.
