An Argentine congressional committee has recommended a misconduct investigation into President Javier Milei over his alleged involvement in promoting the failed Libra cryptocurrency project. The committee's 200-page report accuses Milei of improper conduct, highlighting that his deleted social media posts contributed to the project's collapse, which saw $107 million liquidated from team wallets and impacted 114,410 wallets.
The report also points to similar incidents involving the KIP protocol and other promotional projects, suggesting a pattern of financial regulation evasion. President Milei, who is now facing judicial investigations and class-action lawsuits, has denied any wrongdoing in connection with these allegations.
Argentine Congress Calls for Investigation into President Milei's Role in Libra Collapse
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