Argentine Congress Investigation Committee Accuses President Miller of Involvement in the LIBRA Scam

On November 21st, the Investigative Committee of the Argentine Congress released its final report, alleging that President Mile provided "key cooperation" during the event of the LIBRA token collapse and recommended that Congress assess whether this constitutes malfeasance. Mile had previously promoted the LIBRA token on his personal social media accounts. Subsequently, 8 wallets associated with the LIBRA team cashed out $107 million, resulting in losses for 114,410 investor wallets. The investigation revealed that he had also promoted a cryptocurrency called the KIP Protocol. After its launch in December 2024, there was a situation where its liquidity pool was drained. The committee believes that this shows the government's intention to bypass regulatory bodies such as the National Securities Commission (CNV) to facilitate these projects. Currently, Mile and American entrepreneur Hayden Davis, along with other founders, are facing judicial investigations in Argentina and a class-action lawsuit filed by the Burwick Law firm in New York. Mile has denied any wrongdoing and dissolved a special investigative task force established by his office in May. Previously, a judge ordered the Central Bank of Argentina to lift the freeze on the president's and his sister Carina Mile's bank accounts.