Milei Axes LIBRA Probe Into His Administration—Because Transparency Is Overrated

Argentina’s libertarian firebrand pulls the plug on investigations into his inner circle. Who needs accountability when you’ve got ideological purity?

Behind the move: A swift dismantling of the anti-corruption task force—just as it started sniffing around questionable crypto dealings. Classic distraction playbook—attack the investigators, not the crime.

Bonus jab: At least he’s consistent. This is the same guy who called central bankers ’rats with a printing press.’ Now he’s proving politicians can gnaw through oversight just as efficiently.

LIBRA aftermath

Decree 114/2025 formed the UTI. It tasked it with determining whether fraudulent activity or misconduct occurred in the, a memecoin Milei personally endorsed via his official X account on Feb. 14. 

The LIBRA case has generated widespread legal and political fallout. Shortly after Milei’s public endorsement, which framed the token as a path to financial freedom, LIBRA’s market capitalization surged to over $4.5 billion. 

The rapid rise drew in large retail investment volumes, only for the token to crash by more than 85% within days. Trading liquidity evaporated, prompting accusations of market manipulation and insider profiteering, which resulted in.

Milei marketed LIBRA as a way to fund small ventures in Argentina. Following the crash, opposition lawmakersof promoting an unregulated financial instrument to politically aligned investors. 

Furthermore, a federal judge in Argentinabelonging to individuals tied to the project. 

Judge María Servini also authorized investigators to bypass banking secrecy protections to examine the financial records of both President Milei and his sister, Karina Milei, amid allegations of links to the token’s backers.

Since the task force has not published a report with its investigation’s results, the ties between LIBRA issuers and Milei’s administration are unclear.