The scandal into the ‘$LIBRA’ cryptocurrency scam promoted by President Javier Milei on the social network X in 2025 regained momentum on Monday as lawmakers revived a parliamentary commission to examine new media revelations.
In mid-February last year, Milei promoted and shared details of a memecoin called $LIBRA on X, before deleting the post shortly afterwards.
Meanwhile, the little-known cryptocurrency surged in value and then collapsed, causing losses of at least US$100 million for investors in Argentina and abroad.
At the time, Milei denied promoting the cryptocurrency and said he had “not been familiar with the details of the project.” But in November, a parliamentary commission led by the opposition concluded that the publication on X of information about LIBRA could constitute fraud.
The committee attributed political responsibility for the episode to President Milei and his sister, Presidential Chief-of-Staff Karina Milei.
Coalición Cívica lawmaker Maximiliano Ferraro announced the formation of an “ad hoc commission” of deputies on Monday to examine the latest revelations surrounding the case, which dominated domestic media outlets over the weekend.
“The launch and promotion of $LIBRA was not improvised or accidental on the part of the President.
It was a planned, coordinated operation carried out with premeditation,” Ferraro declared.
He previously chaired the parliamentary commission that analysed the case last year.
Local media last week published leaked details from a judicial forensic examination of a phone belonging to a close associate of Milei, which allegedly shows a web of calls and a stream of messages involving the President, his sister, and the creators and promoters of the cryptocurrency.
According to the....
