Legislators in Argentina take action to investigate a cryptocurrency scandal involving the president of the nation, Javier Milei.
On February 14, the price of the newly launched Libra Memecoin rose after Milei posted on the project on his social media accounts.
The token crashed within a few hours, which caused more than 75,000 retail investors to cause an estimated $ 280 million in losses. Milei deleted his messages five hours after making it.
The incident led to accusations of a carpet pull -scam, which happens when hindbackers increase the price of a crypto activum and then suddenly leaves the project after taking the funds of investors.
The Chamber of Representatives, the House of Commons of the Argentinian National Congress, is now pushing ahead with the investigation into the scandal after the approval of three design prevention solutions with regard to scales.
The first resolution to set up a committee of inquiry was approved with 128 votes in favor, 93 against and seven abstentions.
The second, who strives to question civil servants of the executive, including Chief of Staff Guillermo Francos, Minister of Economy Luis Caputo, Minister of Justice Mariano Cúneo Libarona and head of the National Securities Commission (CNV) Roberto Silva, received 131 confirmation of confirmation and 96.
The third resolution to request reports from the National Government on different issues related to the scales -Cryptocurrency was approved with 135 votes in front, 84 against and seven abstentions.
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