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Argentine President Milei shuts down the Libra scandal investigation department

2025-05-20 22:39:05

ChainCatcher news, according to Bloomberg, Argentine President Milei has shut down the investigation department regarding the Libra scandal.
Previously, Argentine President Milei was embroiled in the Libra scandal, with 57.6% of the Argentine public losing trust in him, while only 36% still expressed support. This crisis of confidence stemmed from the Libra meme coin incident in February, where the token's market value soared to $4.6 billion after a post by Milei on social media, but plummeted 94% within hours. Although Milei argued that he was merely "spreading information" rather than promoting it, the opposition initiated impeachment proceedings.

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