LIBRA is up over 80% after Argentine President Javier Milei disbanded a task force dedicated to investigating the token. The Investigative Task Unit (UTI) forwarded all its information to the national prosecutor’s office.

This may or may not hamper some of the investigations, but there is strong pressure to investigate Milei’s financial ties. This act does nothing to change the criminal charges currently filed against Argentina’s head of state.

President Milei and the LIBRA Scandal

The LIBRA pump and dump was a major scandal for Argentina’s crypto community, especially because of President Javier Milei’s alleged involvement.

Criminal charges have been filed against Milei, and both the courts and legislature have been investigating him. However, these investigations may have reached a speed bump, according to local reports:

“The Government believes that the information collected [by UTI] was forwarded to the Public Prosecutor’s Office, and that the [UTI] has fulfilled its assigned task,”