Argentine President Milei excludes Libra’s probe: Why and what the following?

• President Milei dissolved the work group for the scale of Libra, launching a sudden increase in prices of 85%.
• Legal supervision is deepened because federal prosecutors and US lawsuits are targeting Milei for collapse of the scales.

The sudden decision of Argentine President Javier Milei to dissolve the government working group that explored the scales (scales) memecoin promoted a dramatic increase in its price and wave of controversy.

While the markets gathered, critics indicate unresolved criminal charges and Milei’s alleged financial relationships with token, asking questions about transparency and potential conflicts of interest.

Political and legal roles are still climbing because the probe is escalated to federal prosecutors.

From hype to collapse

The scales entered the Argentine crypto market in early 2025, encouraged by populist rhetoric and digital libertarianism.

Certificates of President Javier Milei on X (earlier Twitter) helped push their estimate within $ 4.5 billion within a few days, attracting global retail investors.

However, the rapid increase in token followed equally fast collapse. His developers, including Creator Hayden Davis, allegedly withdrew millions before they disappeared, causing charges of fraud. Investors reportedly lost about $ 250 million.

Creating and closing uti -a

In response to the growing return, the Milei Administration launched an investigative working group (UP), led by María Florencia Zicavo.

But critics immediately marked the lack of body independence, given its position within the executive.

Optics got worse when Milei issued a decree 332/2025 to dissolve UP, citing the “ending” of his goals, without posting any findings.

Nonetheless, the market responded quickly. After the news of the dissolution of UPs, the scales increased 85% in the hour, at the time of the press. Token jumped from $ 0.022 to the top above $ 0.07 before correcting and stabilizing about $ 0.04.

At the time of writing, RSI briefly hit 72, signaling excessive conditions. This sharp movement of prices suggests a speculative jump that has encouraged news more than the basic basis.

Legal heat and increasing supervision

Exclusion of uti -a has redirected the pressure. Federal prosecutors in Argentina have now assumed the duty of a criminal investigation. Meanwhile, a separate congress committee is preparing its investigation.

Milei faces more than a political outburst. The lawsuit of the class action filed in the United States states on a negligent and deceptive promotion, accusing the president of legitimating the scales and contributing to investors losses.

When the util was gone and the investigation moves into independent hands, the next phase could be far more consequences.