Milei Dissolves LIBRA Investigative Unit Amid Inquiry
- Main event includes President Milei closing LIBRA unit.
- LIBRA memecoin experiences significant price volatility.
- Government completes cooperative financial probe.
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President Javier Milei has dissolved Argentina’s LIBRA investigative unit on May 20, 2025, after sharing findings with the public prosecutor.
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The Unidad de Tareas de Investigación was dissolved, marking the end of a three-month investigation into alleged LIBRA memecoin ties. The unit’s findings were submitted to the prosecutor, showing Milei and his sister’s potential financial involvement.
The Unidad de Tareas de Investigación (UTI) has accomplished its objective.
states the decree signed by President Javier Milei and Justice Minister Mariano Cúneo Libarona after sharing findings with the prosecutor.
Key figures include President Javier Milei and Justice Minister Mariano Cúneo Libarona, who co-signed the dissolution decree. The investigation centered on Milei’s tweet-induced LIBRA surge and subsequent price crash.
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The dissolution impacts the LIBRA token, which saw significant volatility after Milei’s original endorsement. While Solana (SOL) facilitated LIBRA, it remained unaffected according to disclosed data.
The closure may shift Argentina’s regulatory landscape, influencing how governments handle cryptocurrency investigations. The investigation’s rapid creation and conclusion set a new precedent.
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The closure’s effects extend to potential changes in Argentina’s crypto regulation. Without substantial collateral impact on DeFi protocols, the focus remains on the token investigated.
Future regulatory approaches may consider Memecoin volatility, with historical trends suggesting short-term market impacts and heightened scrutiny. Broader technological or financial outcomes remain speculative.
