The provision was signed by Milei and its Minister of Justice in an official newsletter.
The Congress has questioned several ministers in relation to the case, but only one has been presented.
In Decree 335/2025, published by the presidency of Argentina on May 19, the government of Javier Milei ordered the dissolution of the UTI (the investigation task unit), the agency that had created in February to investigate itself after the launch of the Token Libra.
The Bulletin, signed by Milei himself and his Minister of Justice, Mariano Cúneo Libarona, Point out that The Executive Power considers that the unit has already fulfilled its purpose. “The Government understands that the information collected was sent to the Public Prosecutor’s Office and that the unit has complied with the task entrusted by Decree No. 114/25,” the document indicates.
According to the presidency of Argentina, the objective of the UTI was “to collect information related to the cryptoactive called LIBRA and collaborate quickly and expedited with the Judiciary and/or the Public Ministry.” This task was in charge of María Florencia Zicavo, then head of the Cabinet Unit of Advisors of the Ministry of Justice.
As part of the initiative, the Bulletin clarifies that the official requested information from various entities, including the Financial Information Unit (FIU), the National Securities Commission (CNV), the Customs Collection and Control Agency (ARCA) and the Central Bank (BCRA). And he mentions that he then sent it to the Public Ministry, which ends its mission and the dissolution of the UTI.
At the moment, it is unknown what is the information that has been collected and delivered. According to consultations of local media To the Executive on it, it was classified as secret. For now, The research results were not done public.
The Libra scandal broke out after the launch of the homonymous Token last February, a cryptoactive released by Javier Milei as a financing alternative for small and medium enterprises in Argentina.
As Cryptonotics reported, the president then published a tweet by reporting the launch, which caused an abrupt increase in the price of the token, going from hundredths to USD 4.97. But, shortly after, his price collapsed and Milei erased his publication when doubts arose if it was a scam due to the liquidity retreats of his market and that much of the tokens were in the hands of only three directions.
In his first interview after the scandal, and aware of being the target of innumerable criticism, the president separated himself from what happened and claimed that, although he acted in good faith for having believed in the project, he ended up “eating a slap.” In addition, in that context, he considered that those who bought the Token knew the risks of this type of assets and compared those who lost money with people who go to the casino and lose money. “
The case not only had repercussions in Argentina, but also internationally. In February, the study of Moyano and Associate Lawyers, based in Pennsylvania, United States, filed a lawsuit claiming that US citizens and other nationalities were victims of a scam linked to Javier Milei already Hayden Mark Davis, the main advisor of the project. Later, in April, it was learned that former New York former Timothy Treanor, a specialist in cases related to cryptocurrencies, was preparing a collective complaint for the same fact.
Although Milei said that the media were exaggerating when talking about more than 40,000 affected, and assumed that the figure revolves around 5,000, mostly American and Chinese citizens, some reports paint a very different panorama. According to The Solana Post, more than 74,000 traders would have registered losses after the collapse of the Token, with a total amount that would exceed the USD 280 million.
An interpellation that left doubts
The first political coup for the president arrived in early April, when the Chamber of Deputies approved the creation of an investigative commission. In that same session, The opposition managed to promote the interpellation of several key government officialsincluding Guillermo Francos (Chief of Cabinet), Luis Caputo (Minister of Economy), Mariano Cúneo Libarona (Minister of Justice) and Roberto E. Silva (head of the National Securities Commission).
Finally, The only one who responded so far to interpellation was the chief of Cabinet, Guillermo Francoswho at the end of April appeared before the Chamber of Deputies to defend the position of Javier Milei. Although he assured that there was no link between the president and the ventures behind Libra, his exhibition was considered little enlightening by several legislators.
The opposition blocks expected the ministers Luis Caputo and Mariano Cúneo Libarona to follow the example of Guillermo Francos and appear at the Chamber of Deputies last Wednesday, but finally Both missing. For now, the case will continue to be investigated once the investigative commission promoted from the Chamber of Deputies.
