US prosecutors have been notified that they may have jurisdiction to press charges against Argentina's President Javier Milei and others involved in the LIBRA meme coin scandal. The scandal involved the launch of LIBRA by Hayden Davis, an American citizen, who admitted to criminal actions. The scandal caused a decline in Argentina's stock market by almost 6% and has led to impeachment efforts against Milei. The FBI and Department of Justice (DOJ) have received criminal complaints against Milei for defrauding Argentine and American investors, potentially giving the US jurisdiction. Hayden Davis, the CEO of Kelsier, the market maker behind LIBRA, gave an interview admitting his involvement in the rug pull, which could allow US law enforcement to take action against him. So far, there has been no indication from US authorities about prosecuting Milei or LIBRA's handlers. Impeachment proceedings have already begun in Argentina, but the outcome is uncertain.



Other News from Today