Lawmakers in the Argentina’s Chamber of Deputies supported an investigation of President Javier Milei’s alleged involvement in Libra’s (LIBRA) cryptocurrency scandal.
According to an April 8 Report Through the local News Outlet Buenos Aires Times, representatives in the lower house voted 128 to 93 in favor, with seven prevention. The same proposal previously failed to move forward in the Senate.
The news is following Milei Libra Memecoin promotes social media. With the Argentine president who uses his credentials as a government official and his 3.8 million followers, the token quickly reached $ 5, briefly pressing a market cap of $ 4 billion.
Milei has since faced the accusations of wrongdoing, with critics who say Libra is a Rug-pull scam And that he was trapped in investors. The fraud accused him.
Related: KIP Protocol announced participation in Javier Mile-endorsed Libra Rug Pull
A disaster president-scale
According to Baldiviezo, Milei’s promotion is Instrumental In a “forbidden organization” with cryptocurrency advocates. The Non-Government Organization Observatorio Del Derecho a La Ciudad shared concerns and filed a case that accused the President of promoting a scheme that has been reported that resulted in more than 40,000 investors losing more than $ 4 billion.
February Onchain data showed that the hardest investors in Libra Memecoin pump and dump scheme Lost a joint $ 251 million. Blockchain data shows that in 15,430 dompets selling to an income or loss of more than $ 1,000, more than 86% of those sold at a loss, resulting in a total of $ 251 million lost.
Despite many resources showing his social media posts, in mid -February, Milei denied the claim he had promoted Libra. He said in time:
“I’m not promoting that. What I did, I spread the word.”
Related: Javier Milei Risks Impeachment After endorsing $ 107m Libra Rug Pull
A reported family business
One of the creators behind the controversial Libra Crypto token was reported to have sent a text message boasting about having to pay for Argentine President Javier Milei In exchange for sharing the president of the memecoin details on social media. According to February reports, Hayden Davis – a man connected to the project – sent a message to an executive firm of crypto investment stating that he could pay Karina Milei for “control” to the President of Argentine:
“We can also have a milei tweet and meet in person and make the promo. (…) I send $$ to his brother and he does whatever I say and does what I want.”
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