Milei Shuts Down LIBRA Task Force Amid Backlash Over Crypto Scandal

BTCC / BTCC Square / Global Cryptocurrency /

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2025-05-21 04:43:02

Argentine President Javier Milei has dissolved the investigative task force probing the LIBRA cryptocurrency scandal, a move announced alongside Justice Minister Mariano Cúneo Libarona on May 19. The decision comes just three months after the unit’s formation, raising questions about accountability amid mounting opposition pressure.

The LIBRA collapse left investors with significant losses, triggering global legal scrutiny. Milei had previously endorsed the cryptocurrency on social media, coinciding with a short-lived price surge before its eventual crash.

Political opponents are demanding renewed investigations into Milei’s involvement with the failed project. The abrupt termination of the probe suggests regulatory retreat as victims seek restitution.

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