Summary

The Argentinian government has disbanded its investigative unit tasked with exploring the connections between President Javier Milei and the LIBRA memecoin after submitting its report to the public prosecutor’s office. A governmental decree specified that the unit, known as the Unidad de Tareas de Investigación (UTI), had achieved its goals, as confirmed by both Milei and Justice Minister Mariano Cúneo Libarona. The investigation was supported by various government entities, such as the Argentinian central bank and the anti-corruption office.

Key Points:

• The investigative unit was established to examine ties between President Javier Milei and the LIBRA memecoin.
• The findings were disclosed to the public prosecutor’s office.
• Following a tweet from Milei in February, LIBRA’s market capitalization rose and subsequently dropped over 80% within hours.
• Hayden Davies, co-creator of LIBRA, had previously stated he could influence Milei due to payments made to his sister, Karina Milei, an important figure within the administration.

For further details, refer to the official decree here.