- Argentinian President Javier Milei has dissolved the special crypto investigation unit he established.
- The unit was set up to examine the LIBRA cryptocurrency scandal and probe allegations of Milei’s involvement in a pump-and-dump scheme.
- According to the government, the investigation task force completed its assigned duties and provided findings to judicial authorities.
- Lawsuits and separate investigations into the LIBRA case are still active, including a judicial order to review Milei’s financial records.
- The investigative unit worked with Argentina’s Anti-Corruption Office and Central Bank before handing over findings to prosecutors.
Argentinian President Javier Milei has dissolved the crypto investigation task force created to probe the LIBRA cryptocurrency scandal. This decision came in May 2025, following a government statement that the group had completed its assignment and transferred the necessary data to prosecutors.
Decree 332/2025, published in the country’s official bulletin, announced the disbandment of the unit. Officials said the unit collected information from departments such as the Anti-Corruption Office and the Central Bank and later submitted this evidence to the Public Prosecutor’s Office. The statement added that the permanent legal advisory office took over the next steps in the process.
The specialized unit, known as the Investigation Task Unit (UTI), was initially established in February 2025. According to reports, its mission was to gather facts about the LIBRA affair and to support Argentina’s judicial and prosecutorial branches effectively and without delay.
While the UTI has now been dissolved, other judicial inquiries continue. An Argentine judge recently ordered that Milei’s banking secrecy privileges be lifted to allow authorities to review his financial activities as part of the ongoing investigation.
The LIBRA case involves allegations of a pump-and-dump scheme, where the price of a cryptocurrency is artificially boosted so insiders can sell at a profit before the price collapses. For those unfamiliar, a pump-and-dump typically harms average investors who buy in late.
Recent polling indicates that Milei’s public approval ratings have declined, with a disapproval rate reaching 60% after the LIBRA controversy. More details about his government’s actions can be found in the official decree and related news on the LIBRA investigation.
Additional lawsuits and investigations remain active, signaling that scrutiny of the LIBRA situation is ongoing. To learn more about the formation and early activities of the investigative unit, see prior coverage here.
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