PANews reported on April 9 that according to The Block, the Argentine House of Representatives has passed three bills, officially launching an investigation into President Javier Milei and related officials involved in the Libra meme coin controversy. The coin was issued by Kelsier Ventures in February. Milei once publicly promoted it on the X platform, saying that it would support local entrepreneurial projects. The price of the coin then soared to a market value of US$2 billion before plummeting by more than 90%. Milei later denied knowledge and withdrew his support. The opposition party demanded impeachment, and the prosecutor has requested Interpol to issue a red warrant for the project's CEO Hayden Davis.
Argentina's House of Representatives approves investigation into President Milei's involvement in Libra meme coin incident
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