Argentinian President Javier Milei founded the closure of the Task Force for Research (UTI) earlier this year to investigate his relationship with the Libra -according to one May 20 Publication In the official Gazette of Argentina.
Milei and Minister of Justice Mariano Cúneo Libarona signed Decree 332/2025 to dissolve the Task Force. The decree stated that the information was collected that was collected to the office of the public prosecutor and that the UTI had completed its mandate.
In addition, local news exit Ámbito reported That Argentinian judicial authorities have confirmed that the broader criminal investigation will continue under the office of the public prosecutor.
Researchers evaluate whether financial crimes or conflicts of interest occur in involving presidential employees.
The dissolved Task Force has not released official findings and the identities of the original Libra developers will not be announced.
Scales
Decree 114/2025 formed the Uti. It bore it to determine whether fraudulent activity or misconduct took place in the Promotion and collapse of scalesA Memecoin Milei personally approved through his official X account on February 14.
The scale case has generated widespread legal and political consequences. Shortly after the public approval of Milei, who framed the token as a road to financial freedom, the market capitalization of scales increased to more than $ 4.5 billion.
The rapid increase drove in large store investment volumes, only for token to crash by more than 85% within a few days. Handels liquidity evaporates, which gave rise to accusations of market manipulation and insider benefit, which resulted in Milei’s public confidence is falling.
Milei has marketed Libra as a way to finance small companies in Argentina. After the crash, opposition lawsmen accused the Milei administration Promoting a non -regulated financial instrument in politically aligned investors.
Moreover, a federal judge in Argentina is Order the freezing of assets belonging to people who are bound by the project.
Judge María Servini has also authorized researchers to bypass the protection of the bank separation to investigate the financial registers of both President Milei and his sister, Karina Milei, in the midst of accusations of ties with the backers of token.
Since the Task Force has not published a report with the results of its research, the ties between the issues of Libra and the administration of Milei are unclear.