Argentine President Javier Milei has officially ended the investigation into the LIBRA cryptocurrency scandal by dissolving the task force established earlier in 2025. The unit, formed by Decree 114/25 and co-signed by Minister Mariano Cúneo Libarona, was created to probe potential fraud and the financial fallout following Milei's February promotion of LIBRA. This promotion initially caused a surge in LIBRA's value, which was followed by a sharp collapse, resulting in significant investor losses worldwide.
The dissolution decree (No. 332/2025) states the task force fulfilled its mandate and forwarded its findings to the Public Prosecutor’s Office for further judicial review. However, no public report has been released, and the government has not disclosed any accountability outcomes related to the scandal. The investigative unit had operated without additional budget allocations and was led by María Florencia Zicavo, a close aide to the justice minister, which some critics argue may have compromised the probe's independence.
The LIBRA scandal has triggered parliamentary and international judicial investigations, including probes in the United States and Spain focusing on possible fraudulent activities involving President Milei and his sister, Karina Milei. This political and legal fallout has put Argentina’s regulatory oversight of digital currencies under scrutiny. Additionally, Milei's administration had recently scaled back the investigative powers of Argentina's Financial Information Unit, tightening control over crypto oversight.
The closure of the investigative task force marks a pivotal moment in Argentina’s handling of cryptocurrency scandals, with market stability and investor confidence hanging in the balance as further details emerge from ongoing judicial processes.