Milei Close LIBRA Research Unit: Share Findings

Milei Closes Libra Research Unit After Sharing Findings With Prosecutors!

20 May 2025 at 20: 01

Reading time: 2 minutes

The unit charged with investigating President Javier Milei’s connection to the LIBRA memecoin has been disbanded, having shared its findings with the Public Prosecutor’s Office, according to a Justice Ministry decree signed by Milei and Minister Mariano Cúneo Libarona.

### A targeted approach

The Unidad de Tareas de Investigación (UTI) has been working purposefully on this case in the past period and has achieved its objectives. This unit has received support from various government agencies, including the Central sofa of Argentina and the Anti-Corruption Agency. This shows the seriousness and comprehensive approach of the investigation.

### The LIBRA Question

The LIBRA meme coin story gained traction in February after a tweet from Milei. In a matter of hours, the market cap of this Solana The meme-based coin soared to a whopping $4,5 billion, only to plummet by over 80%. These kinds of fluctuations are causing considerable turmoil in the crypto market.

### The role of Hayden Davies

LIBRA co-creator Hayden Davies has previously claimed that he was able to exert “control” over Milei through payments to the president’s sister, Karina, who plays a significant role in Milei’s government. This fact casts a shadow over the integrity of the government’s cooperation with the crypto sector.

“You should always be careful who you put your money with — even in the digital world!” is a wise lesson that is increasingly relevant in our rapidly changing financial environment.

### A look into the future

The dissolution of the UTI marks a new chapter in this intriguing saga. What does this mean for the future of LIBRA and the figures involved? And how can the government ensure transparency in the crypto market to protect investors? These are questions that will not only make the average citizen, but also every cryptocurrency enthusiast think.

Stay up to date with the latest developments in the crypto world and discover how this dynamic market continues to unfold. The digital future awaits you!

Frequently Asked Questions

What is the LIBRA memecoin?
LIBRA is a Solana-based memecoin that saw a rapid rise in value in February 2023 before plummeting in value.

Who is Javier Milei?
Javier Milei is the president of Argentina, who has recently come under fire for his connections to the LIBRA memecoin.

Why was the Unidad de Tareas de Investigación dissolved?
The UTI was disbanded because it shared its research findings with the Public Prosecution Service and achieved its objectives.

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