BlockBeats News, June 8th. According to TheBlock, Argentina's Anti-Corruption Office (OA) has determined that President Javier Milei's personal promotion of the LIBRA token does not constitute an administrative violation. After LIBRA's market value surged to $2 billion in February and then plummeted by 90%, triggering calls for Milei's impeachment from the opposition party and a multinational collective lawsuit, the ongoing investigation by the U.S. Federal Criminal Court and a collective lawsuit by investors from the U.S., UK, and Argentina are still in progress.On January 30th, LIBRA's project member Hayden Davis met with Milei, and in early February, Milei's private X account posted content promoting LIBRA, stating that it could be used to support small and medium-sized enterprises. By May, an Argentine judge requested access to Milei and his sister's bank records, after which the original investigation team was disbanded. Yesterday, Argentina's Anti-Corruption Office finally determined that Milei's promotion this time was considered a "private act" and did not involve the use of public resources or policy influence.

BlockBeats News, May 20th, according to Bloomberg, Argentine President Milla closed the department investigating the LIBRA cryptocurrency scandal.

BlockBeats News, May 17th, the investigation by the Argentine judicial system into the LIBRA case is making progress, involving President Javier Milei, his sister Carina, and several collaborators related to the cryptocurrency world.The judge in this case has ordered the central bank to lift the banking secrecy of Milei and her sister to review all transactions carried out since 2023. This measure aims to clarify any possible financial irregularities related to the controversial LIBRA cryptocurrency.Furthermore, the judge has expanded the information request to three individuals closely related to Milei and individuals linked to Hayden Davis, the head of Kelsier Ventures and initiator of LIBRA. Their assets have also been frozen as part of the investigation. (crypto-economy)

BlockBeats News, April 9th, according to Decrypt's report, the Argentine Chamber of Deputies voted on Tuesday to pass three draft resolutions to establish a special committee to investigate the Libra cryptocurrency scandal related to President Javier Milei since February. Free Front for Unity Party lawmaker Gabriel Bornoroni defended the president during the debate, suggesting that the opposition was staging a farce. The investigative body will summon key government officials, including Minister of Economy Luis Caputo and Minister of Justice Mariano Cúneo Libarona, and will also invite Chief of Cabinet Guillermo Francos and Chairman of the National Securities Commission Roberto Silva to participate in the probe.Milei's praised Libra token once soared to a market cap of $4.5 billion but plummeted nearly 90% in just a few hours on February 14th and 15th. Shortly after the crash, Milei deleted promotional tweets and claimed he was unaware of the project's details. Two days later, an Argentine criminal court filed fraud charges. This collapse resulted in about 75,000 wallet holders losing over $250 million. The Argentine Congress's investigation runs parallel to an ongoing judicial probe, which is examining Milei's possible connections to the Libra developers. In March, an Argentine lawyer called for the arrest of Kelsier Ventures CEO Hayden Davis for pitching Libra to Milei at a meeting in January.

BlockBeats News, March 27th, the latest poll shows that 57.6% of Argentinians have lost trust in President Mile, with only 36% still expressing support. This trust crisis stems from the Libra meme coin incident in February, where the token's market cap surged to $4.6 billion after Mile posted about it on social media, only to plummet by 94% within hours. Despite Mile arguing that he was merely "sharing information" rather than endorsing, the opposition party has initiated impeachment proceedings.It is worth noting that different institutions have significantly different poll results: a survey by St. Andrew's University shows his approval rating dropping to 45%, while Morning Consult data maintains it at 62.4%. Analysts believe that this discrepancy reflects the politicized interpretation of the cryptocurrency event in Argentine society. (Cointelegraph)

BlockBeats News, March 6th, according to Decrypt report, the Argentine prosecutor's office is advancing its investigation into the LIBRA token incident and has requested the freezing of $100 million in crypto assets related to the case, as well as the restoration of deleted social media posts. Prosecutor Eduardo Taiano has also requested detailed records of LIBRA transactions and has sought cooperation from international exchanges, law enforcement agencies, and regulatory bodies to freeze the relevant funds. The Argentine prosecutorial authorities have not yet issued an official response to this matter.

BlockBeats News, February 20th, According to local Argentine media Infobae, the National Securities Commission (CNV) has "so far chosen not to intervene" in the LIBRA event, "because the current regulatory framework does not cover token offerings on decentralized platforms." However, the CNV has stated that it will "accelerate measures" aimed at "preventing further cryptocurrency fraud cases that harm investors."According to industry sources, the CNV is in the "final stages of developing a new, more detailed regulatory framework." The goal of this regulation is to provide users with greater transparency and security, as well as to establish a stronger legal framework for companies using cryptocurrency, digital tokens, and other blockchain-based assets.

From the TRUMP, launched by the Trump family, to the recently controversial LIBRA, these politicized cryptocurrencies have undoubtedly become the focus of the market. This article will take LIBRA as an example to reveal the potential risks of these politicized cryptocurrency projects.

Everything now is a zero-sum game

Hell of Rug Pull, Fighter Jet in Rug Pull Olympics, How does the Top Coin Launch Conspiracy Cartel operate multiple "PRESIDENT" coin benefit chains?