The Argentine Chamber of Deputies voted to launch an investigation into the collapse of the LIBRA cryptocurrency, with implications for President Javier Milei. Following a dramatic market downturn in February 2025, the scandal prompted Congress to form a special committee to examine potential fraud and its connection to Milei. The inquiry is expected to focus on key officials, including Minister of Economy Luis Caputo, who are implicated in connections with Kelsier Ventures, the company behind LIBRA. The investigation’s outcome could have significant political ramifications for President Milei’s future while potentially reshaping Argentina’s regulatory landscape for cryptocurrencies. 59.62% of daily trading volume has decreased on CoinMarketCap, reflecting a sharp decline in market value. Concerns are also being raised over potential financial mismanagement and a lack of transparency from authorities.