{"id":39922,"date":"2025-04-09T12:30:26","date_gmt":"2025-04-09T09:30:26","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=39922"},"modified":"2025-04-09T12:18:18","modified_gmt":"2025-04-09T09:18:18","slug":"argentina-congress-launches-investigation-over-libra-memecoin-scandal","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/argentina-congress-launches-investigation-over-libra-memecoin-scandal\/","title":{"rendered":"Argentina Congress Launches Investigation Over Libra Memecoin Scandal!"},"content":{"rendered":"<p class=\"\" data-start=\"3072\" data-end=\"3358\"><strong data-start=\"3072\" data-end=\"3087\">Argentina\u2019s<\/strong> Chamber of Deputies has approved three draft resolutions to investigate top government officials involved in the controversial <strong data-start=\"3215\" data-end=\"3224\">Libra<\/strong> memecoin project, which was publicly endorsed by President <strong data-start=\"3284\" data-end=\"3300\">Javier Milei<\/strong> and later collapsed, leaving investors with heavy losses.<\/p>\n<p class=\"\" data-start=\"3360\" data-end=\"3692\">The resolutions include the creation of a special commission to examine the <strong data-start=\"3436\" data-end=\"3445\">Libra<\/strong> case, summoning key members of the executive branch, and demanding an official government report. Those to be summoned include the Chief of Staff, Minister of Economy, Minister of Justice, and the head of the National Securities Commission (CNV).<\/p>\n<hr \/>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/argentina-congress-launches-investigation-over-libra-memecoin-scandal\/#You_Might_Be_Interested_In_Elon_Musk_Talks_About_the_Name_of_a_New_Memecoin\" title=\"You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!\">You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/argentina-congress-launches-investigation-over-libra-memecoin-scandal\/#Milei_and_Libra\" title=\"Milei and Libra\">Milei and Libra<\/a><\/li><\/ul><\/nav><\/div>\n<h4 data-start=\"1444\" data-end=\"1471\"><span class=\"ez-toc-section\" id=\"You_Might_Be_Interested_In_Elon_Musk_Talks_About_the_Name_of_a_New_Memecoin\"><\/span><strong><em>You Might Be Interested In: <a href=\"https:\/\/coinengineer.net\/blog\/elon-musk-talks-about-the-name-of-a-new-memecoin\/\">Elon Musk Talks About the Name of a New Memecoin!<\/a><\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<hr \/>\n<p class=\"\" data-start=\"3694\" data-end=\"3988\"><em>\u201cIt\u2019s time for Congress to examine whether Argentina has been harmed. We have a duty to uncover the truth,\u201d<\/em> said Pablo Juliano of the Democracia para Siempre party. On the other hand, Nicol\u00e1s Mayoraz from La Libertad Avanza criticized the move as interference with the separation of powers.<\/p>\n<p data-start=\"3694\" data-end=\"3988\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-153055 size-full\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/04\/libra.webp\" alt=\"Libra\" width=\"1200\" height=\"628\" \/><\/p>\n<h2 data-start=\"3990\" data-end=\"4013\"><span class=\"ez-toc-section\" id=\"Milei_and_Libra\"><\/span>Milei and Libra<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"\" data-start=\"4015\" data-end=\"4278\"><strong data-start=\"4015\" data-end=\"4024\">Libra<\/strong>, a Solana-based memecoin, was launched on February 14 by Delaware-registered Kelsier Ventures. Within hours, President <strong data-start=\"4144\" data-end=\"4153\">Milei<\/strong> promoted the token on social media platform X, claiming it would support small businesses and startups across <strong data-start=\"4264\" data-end=\"4277\">Argentina<\/strong>.<\/p>\n<p class=\"\" data-start=\"4280\" data-end=\"4528\">His post described the token as a \u201cprivate project\u201d and linked directly to the <strong data-start=\"4359\" data-end=\"4368\">Libra<\/strong> website and smart contract. The token&#8217;s value skyrocketed to a $2 billion market cap before plummeting by over 90%, sparking outrage and calls for impeachment.<\/p>\n<p class=\"\" data-start=\"4530\" data-end=\"4912\"><strong data-start=\"4530\" data-end=\"4539\">Milei<\/strong> later distanced himself from the project, stating he had no prior knowledge of it. Meanwhile, <strong data-start=\"4634\" data-end=\"4654\">Kelsier Ventures<\/strong> CEO <strong data-start=\"4659\" data-end=\"4675\">Hayden Davis<\/strong> claimed he had advised Milei and worked closely with his team. Davis also admitted that the team used a \u201csniping\u201d strategy to gain early profits and was involved in the <strong data-start=\"4845\" data-end=\"4856\">MELANIA<\/strong> memecoin, which also experienced a sharp rise and fall.<\/p>\n<p class=\"\" data-start=\"4914\" data-end=\"5070\">An Argentine prosecutor has requested an <strong data-start=\"4955\" data-end=\"4978\">Interpol Red Notice<\/strong> for Davis, who is reportedly behind yet another memecoin that crashed shortly after launch.<\/p>\n<hr \/>\n<p data-start=\"4914\" data-end=\"5070\"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Argentina\u2019s Chamber of Deputies has approved three draft resolutions to investigate top government officials involved in the controversial Libra memecoin project, which was publicly endorsed by President Javier Milei and later collapsed, leaving investors with heavy losses. The resolutions include the creation of a special commission to examine the Libra case, summoning key members of<\/p>\n","protected":false},"author":28,"featured_media":36776,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[1171,393,2098,11892,945,14108,11745,1332,10343,319],"class_list":["post-39922","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-argentina","tag-crypto","tag-fraud","tag-hayden-davis","tag-javier-milei","tag-kelsier-ventures","tag-libra","tag-memecoin","tag-red-notice","tag-solana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Argentina Congress Launches Investigation Over Libra Memecoin Scandal! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/argentina-congress-launches-investigation-over-libra-memecoin-scandal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Argentina Congress Launches Investigation Over Libra Memecoin Scandal! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Argentina\u2019s Chamber of Deputies has approved three draft resolutions to investigate top government officials involved in the controversial Libra memecoin project, which was publicly endorsed by President Javier Milei and later collapsed, leaving investors with heavy losses. 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