This week, Argentina’s Congress announced that it is moving forward in its investigation of the LIBRA memecoin scandal from earlier this year, which involved President Javier Milei. According to an official press release on April 8, Argentina’s Chamber of Deputies have voted to pass three draft resolutions regarding the Libra (LIBRA) memecoin scam , including the creation of an investigative commission, the subpoena of various executive branch officials, and the request for information from government officials. These resolutions will allow the relevant authorities to investigate Argentine government officials who may have been involved with the Libra incident. Back in February, LIBRA was briefly promoted by President Milei on X and its launch ended up being a rug-pull, during which project insiders extracted $107 million from the token, causing its value to crash by 95% the same day it launched, Feb. 14. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
