The Argentine cryptocurrency, LIBRA, promoted by President Javier Milei, has sparked a legislative investigation following rapid price fluctuations and significant losses for investors. Following a social media post by Milei on February 14th, the coin experienced an initial surge before a dramatic decline, resulting in substantial financial losses for approximately 75,000 participants who collectively lost over $280 million. This event has raised concerns about investor protection and market volatility. 3 bills have been introduced to investigate the events surrounding LIBRA. The first bill proposes establishing a special commission to conduct a thorough inquiry. A second proposal seeks to summon key figures in the government, including Vice President Guillermo Francos and Economy Minister Luis Caputo, to provide testimony on their involvement. Lastly, a third bill demands comprehensive reports from national authorities about the LIBRA initiative, emphasizing transparency in the cryptocurrency sector. This investigation has led to increased skepticism within the market as investors seek answers about market vulnerabilities. Key takeaways include: widespread financial losses totaling $280 million, and heightened demand for accountability and regulatory oversight within the cryptocurrency sector.