Argentina’s Chamber of Deputies has approved three draft resolutions to investigate the Libra memecoin scandal involving President Javier Milei. The resolutions propose forming a special investigative committee, summoning senior officials, and requesting a formal report from the government. Libra once reached a market cap of over $2 billion after Milei promoted it, but it quickly lost over 90% of its value. Milei denied deeper involvement and withdrew support after the crash. Kelsier Ventures’ CEO — Milei’s advisor — admitted to manipulating the token’s price.
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