The US Department of Justice has reportedly initiated an investigation into the role of Argentine President Javier Milei in promoting LIBRA. This was reported by La Nacion.
According to the publication, the roles of the project’s founders—Hayden Davis of Kelsier Ventures, Julian Peha of KIP Protocol, and two Argentine entrepreneurs Mauricio Novelli and Manuel Terrones Godoy—are also under scrutiny.
Sources from La Nacion indicated that the investigation is in its early stages.
It was initiated by the fraud investigation unit of the criminal division. This body is tasked with uncovering complex economic crimes involving American companies abroad.
According to the publication, support in the process may be provided by staff from the SEC, the DHS, and the FBI. Rumors suggest that the latter has already joined the effort.
The investigation began following a report that implicated the aforementioned individuals in LIBRA.
The case is also being examined by Argentine authorities, who are assessing Milei’s involvement in the project and exploring potential crimes related to abuse of power, influence peddling, and fraud.
The President of Argentina has ordered an internal investigation.
On February 17, Bubblemaps linked LIBRA and the coin of US First Lady Melania Trump (MELANIA) to the same team. KIP Protocol denied any involvement in the project.
Earlier, Lookonchain reported that some users recorded significant losses twice from investments in the ‘Argentine’ meme token. According to Nansen, the total losses of nearly 86% of LIBRA traders amounted to $251 million.