The Argentine government’s decision to dissolve a task force investigating the cryptocurrency LIBRA has triggered volatility in the market. President Javier Milei dissolved the Investigative Task Force (UTI) on May 17, 2025, after citing their objectives as fulfilled. The move came following allegations of fraudulent promotions and losses exceeding $250 million from investors. This decision is likely to impact regulatory scrutiny for LIBRA. The price of the token surged by 85% within hours of President Milei’s announcement. 72 RSI, an overbought indicator, suggests speculative trading rather than fundamental backing. A U.S. class-action lawsuit alleges President Milei’s promotion of LIBRA played a role in investor losses.