Summary
- The Argentine House of Representatives announced that it is pushing forward three draft resolutions for an investigation related to the Libra (LIBRA) incident.
- The resolutions are said to include the establishment of a dedicated committee for the meme coin investigation and the summoning of government officials.
- Libra surged after its launch but is evaluated as a case where its value plummeted by 99% due to insider rug pull suspicions.
An investigation is underway into the meme coin 'Libra (LIBRA)' incident, which caused a significant shock to the virtual asset (cryptocurrency) market when it was issued last February.
According to The Block, a virtual asset specialist media outlet, the Argentine House of Representatives is set to push forward three draft resolutions to investigate government officials related to the Libra meme coin scandal.
Specifically, the resolutions include the establishment of a dedicated committee for the meme coin investigation, summoning related personnel for investigation, and requesting government reports related to Libra.
Notably, the list of summons includes key government officials such as the Chief of Staff, the Minister of Economy, the Minister of Justice, and the Chairman of the National Security Committee.
Libra was launched on February 14 on a Solana (SOL)-based meme coin platform. At the time of its launch, a promotional post for Libra was uploaded to the official X (formerly Twitter) of Argentine President Javier Milei, leading to a rapid surge in a short period. However, suspicions of a rug pull by project insiders spread, causing its value to plummet by 99% in an instant.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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