A major development in the ongoing investigation into potential fraud surrounding the LIBRA cryptocurrency project has taken place in Argentina. Federal authorities have frozen assets of key individuals associated with the project, including those connected to President Javier Milei and his sister, amid scrutiny over a suspected pump-and-dump scheme. This action is significant as it targets promotional influence that may have contributed to the Libra’s market crash following President Milei’s public endorsement in February. The investigation aims to determine if any manipulation played a role in the project’s dramatic decline and subsequent loss of value. The judicial freeze follows the recent plunge of the cryptocurrency by 85%, raising concerns about unethical practices within the project. This legal action underscores Argentina’s proactive approach to addressing financial misconduct in the cryptocurrency space and has significant implications for regulatory oversight in cryptocurrency endorsements. The decision will likely impact investor confidence, potentially influencing future regulations regarding cryptocurrency endorsements and governance reviews.