The Argentine government has disbanded the task force established to investigate the scandal surrounding the meme coin LIBRA, according to local media.
The decree was signed by President Javier Milei and Justice Minister Mariano Cuneo Libarona. Authorities cited the expiration of the investigators’ mandate as the reason for the decision.
The group, formed on February 19, was tasked with gathering all information regarding the LIBRA situation and cooperating with judicial bodies. According to the government, the report has already been submitted to the prosecutor’s office.
On February 14, Milei posted on X, sharing a link to the website and the LIBRA contract address. The token, launched that day, reached a market capitalization of $4.56 billion, but its price then plummeted by 94%.
Following the collapse, Milei withdrew his support for the project, stating he did not have complete information. The politician refuted claims that 44,000 investors were affected by the LIBRA collapse, asserting that the number did not exceed 5,000.
Amid the scandal, the opposition called for the president’s impeachment. Argentina’s chief prosecutor, Eduardo Taiano, demanded the freezing of LIBRA-related assets amounting to ~$100 million and the restoration of deleted messages, including Milei’s tweet.
In April, the Argentine parliament approved an investigation into the role of officials in the meme coin affair. According to media reports, the president’s supporters blocked the commission’s work by preventing the appointment of its head. Following the closure of the task force, the opposition intends to intensify efforts to address the LIBRA scandal through a parliamentary body.
In the context of a civil lawsuit against those involved in the launch of LIBRA, the court ordered banks to disclose account information for Milei and his sister Karina.