Argentina Investigation Ties President Milei to Libra Collapse – Congress Set to Respond Next

Congressional Findings: A congressional report in Argentina links President Milei to the collapse of the Libra cryptocurrency, alleging that his promotion of the token led to significant investor losses, with over 114,000 wallets affected.

Political Reactions: Members of Milei's party, La Libertad Avanza, rejected the report's findings and blocked further committee actions, but the issue will still be addressed by the broader legislature.

Ongoing Investigations: Milei and Libra's leadership are under criminal investigation in Argentina, with a class-action lawsuit filed in the U.S. for financial damages suffered by investors.

Pattern of Endorsements: The report highlights a pattern where Milei's public endorsements of various digital assets preceded their market failures, suggesting a troubling trend in his promotion of cryptocurrency ventures.