PANews reported on April 9 that according to Cointelegraph, members of the Argentine House of Representatives supported an investigation into the country's President Javier Milei's alleged involvement in the Libra (LIBRA) cryptocurrency scandal. Members of the House of Representatives passed the investigation proposal with 128 votes in favor, 93 votes against, and 7 abstentions. Previously, the proposal failed to advance in the Senate.

Before the news broke, Milei promoted the meme coin LIBRA on social media. With the credibility of government officials and 3.8 million followers, the price of the token quickly climbed to $5, and its market value briefly touched $4 billion. Since then, Milei has faced allegations of misconduct. Critics say LIBRA is a "rug-pull" scam and Milei lured investors into it. Lawyer Joe Jonatan Baldiviezo, as well as Marcos Zelaya, engineer María Eva Koutsovitis and former Argentine Central Bank President and economist Claudio Lozano filed a lawsuit against Milei, accusing him of fraud.