Argentine Congressional Inquiry Committee accuses President Milley of involvement in the LIBRA scam.

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An Argentine congressional committee accuses President Milley of aiding the LIBRA token collapse and promoting another cryptocurrency, alleging government evasion of regulators. Milley denies wrongdoing amid ongoing investigations and lawsuits.

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According to Mars Finance, on November 21, the Argentine Congressional Investigative Committee released its final report, accusing President Milley of providing "key cooperation" in the LIBRA token collapse and recommending that Congress assess whether this constituted misconduct. Milley promoted the LIBRA token on her personal social media accounts, after which eight wallets associated with the LIBRA team cashed out $107 million, resulting in losses for 114,410 investors. The investigation also found that she promoted a cryptocurrency called KIP Protocol, which, after its launch in December 2024, also experienced the liquidation of its liquidity pool. The committee believes this indicates that the government intentionally circumvented regulatory agencies such as the National Securities Commission (CNV) to facilitate these projects. Currently, Milley and founders, including American entrepreneur Hayden Davis, are facing an Argentine judicial investigation and a class-action lawsuit filed by the New York law firm Burwick Law. Milley has denied any wrongdoing and disbanded the special investigative task force established by her office in May. Previously, a judge had ordered the Central Bank of Argentina to unfreeze the bank accounts of the president and her sister, Karina Milley.

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