Milei Dissolves LIBRA Investigative Unit After Reporting Findings
The Unidad de Tareas de Investigación (UTI), responsible for investigating President Javier Milei's ties to the LIBRA memecoin, has been dissolved after reporting findings to the public prosecutor's office. The dissolution was confirmed by a decree from the justice ministry, signed by Milei and Justice Minister Mariano Cúneo Libarona.
Key points include:
- The UTI worked with various government agencies, including the Argentinian central bank and the anti-corruption office.
- In February, Milei tweeted about LIBRA, a Solana-based memecoin, which saw its market capitalization rise to $4.5 billion before dropping over 80% shortly after.
- LIBRA's co-creator, Hayden Davies, claimed he could "control" Milei due to payments made to Milei's sister, Karina.