In what is a shocking development, Argentina’s President Javier Milei has ended the investigation into the other Libra crypto scandal. Specifically, the government opted to dismantle the entire Investigative Task Force (UTI) that had been charged with the probe into the controversy, according to a Bloomberg report. The decision officially ends the government’s internal investigation into the situation.

The agency was created just three months ago and was called upon to investigate “irregularities” regarding Milei’s promotion of the Libra crypto token. Specifically, it had been tasked with uncovering what role the president and his sister, Karina Milei, played in the development.

Also Read: Argentina President Milei Dismisses LIBRA Crypto Ties Amid Impeachment Calls

Argentina’s President Javier Milei Shuts Down Unit Investigating Crypto Scandal

The cryptocurrency market experienced a notable scandal this year with the rapid rise and fall of the Libra cryptocurrency. The project was promoted by Argentina’s President Javier Milei, sparking a price surge before plummeting in value shortly after. The situation costs as much as $250 million in losses for investors.

The president, who took office in 2023, has remained at the center of the controversy. Yet, it has now taken an even more concerning turn. According to an official decree, Argentina’s president has shut down the unit tasked with investigating the Libra crypto scandal.

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Source: Edarabia

Also Read: Bitcoin: Will Argentina Become the Next El Salvador?

The UTI collective is no more after a decision was signed by both Milei and Justice Minister Mariano Cuneo Libarona. Moreover, the decree states that the agency “has fulfilled the functions assigned to it.” Subsequently, the official decision has now ended all internal investigations of the government into the matter.

The unit was created after growing complaints from investors affected by the seeming rug pull scam. Indeed, it was created with the intention of gathering documents from public and international bodies, responding to court requests, and flagging any attempts to manipulate evidence.”

Argentine Congress also created a special investigative committee in response to the scandal. Comprising 28 different lawmakers, the committee has yet to initiate any proceedings, with Justice Minister and Economy Minister Luis Caputo refusing to appear at a court-ordered summons on May 14th.

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