Argentina’s cryptocurrency project, LIBRA, experienced a dramatic price surge and subsequent collapse following President Javier Milei’s social media announcement on February 14th. This triggered an investigation by local authorities, who have now launched three bills aimed at ensuring transparency and accountability. The sudden price fluctuations led to significant losses for hundreds of thousands of investors, prompting concerns about the project’s legitimacy. Lawmakers are seeking clarity from key officials linked to the project, including Vice President Guillermo Francos, Minister of Economy Luis Caputo, Minister of Justice Mariano Cúneo Libarona, and National Securities Commission Chairman Roberto Silva. The investigation will focus on gathering evidence to determine liability and potential regulatory gaps. This incident has highlighted concerns about market risks in the cryptocurrency space and serves as a cautionary tale for investors.