Argentine legislators approve the probe in scandal Libra Memecoin

Argentina MPs approved the formal investigation of scandals of Memecoin scandals after the token collapse deleted over $ 280 million worth almost 75,000 retailers.

In a special session Held 8. April, lawmakers supported three resolutions aimed at discovering the truth behind the launch of controversial tokens and a fast decline. The first resolution establishes the investigative commission to explore the scandal of the scale, approved with 128 votes in favor.

Lawmakers also voted to invite top government officials, including the head of Guillermo Francos, Minister of Economy Luis Luis Coat, Minister of Justice Mariano Cuneo Lebauron and the National Securities Commission.

The third resolution requires detailed reports from the executive on the development of the balance and the role of the Government in its promotion. All three measures passed strong support despite the resilience of some members of the ruling party La Libertad Avanza.

The opposition called for transparency and responsibility. “The company has the right to know the truth,” said Makimiliano Ferraro, a legislator from the Civil Coalition. Others warned the executive and invite respect for judicial processes.

Scandal Libra took place on 14. February when President Javier Miley promoted the scales on X, inviting him in a way of “reinforcing the Argentine economy”. Token immediately rose over 3,000% before passing 90% a few hours later after Miley erased the post and claimed that he was unconscious Token detail. His government later the promotion reduced as routine support to entrepreneurship.

Investigations later discovered This insiders, including Kelser’s undertaking, may have joined the tokens and manipulated liquidity before starting, which earned over $ 110 million earnings. A series of lawsuits was filed against key data in the creation of tokens.

In one of them, 18. Marta, law Burvick submit A lawsuit for class-action in New York against Kelsier Ventures, Statue of Protocols and Meteors, stating deceptive practices, liquidity and fraud manipulation. Court documents state that developers deny 85% of the token supply, allowing insiders to disclose liquidity in startup while retail investors were misled by the promissions of the economic revival.

The scandal led to a political background. MPs across opposition blocks claim that the handling of the situation of President Miley undermines its anti-corruption position. It could hurt his credibility before Argentina elections later this year.