# Argentina’s Congress Opens Investigation Into Milei's LIBRA Scandal

*Author: Bankless*
*Published: Apr 9, 2025*
*Source: https://www.bankless.com/read/argentinas-congress-opens-investigation-into-mileis-libra-scandal*

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Argentina’s Congress has opened an investigation into the LIBRA token promoted by President Milei, following its collapse and massive investor losses. 

## **What’s the Scoop?**
- **Congressional Probe Launched**: Argentina's Congress approved measures to investigate the LIBRA cryptocurrency promoted by [President Javier Milei](https://x.com/matthuang/status/1909986881359794397).
- **High-Level Testimonies**: Top government officials, including the Economy and Justice Ministers, are set to testify on the issue.
- **Massive Investor Losses**: LIBRA token’s value collapsed by 90%, sparking allegations of insider trading and wealth extraction.
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