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Outbyte Driver Updater FREEFix the driver behind crashes, sound loss and screen glitchesFind Drivers →Outbyte PC Repair FREERepair Windows errors before they cause bigger problemsFix Now →Argentina’s opposition announced in February 2025 that it intended to pursue impeachment after President Javier Milei promoted the $LIBRA cryptocurrency project. That announcement is not evidence that an impeachment proceeding was formally filed or advanced; the sources available do not establish its later parliamentary status as of October 8, 2026. Separately, the $LIBRA matter remained under investigation in the latest official prosecutorial update described here.
What happened with Milei and $LIBRA?
On February 14, 2025, Milei posted about $LIBRA on his personal accounts. The project was presented in his post as a way to encourage economic growth by funding small businesses and startups. The controversy arose after the post drew scrutiny over the token and the president’s role in promoting it.
The President’s Office said Milei was not involved in developing the project, later deleted his post, and ordered an inquiry. Those are the government’s statements, not independent findings about who created or controlled the project. The office also described earlier meetings with KIP Protocol representatives and a January 30, 2025 meeting with Hayden Mark Davis, whom it said had been introduced as someone who could provide technology infrastructure.
What did the impeachment threat amount to?
On February 15, 2025, the opposition Union for the Fatherland bloc announced its intention to initiate impeachment proceedings, according to Le Monde. The available reporting establishes that announcement, but not a formal filing, a vote, or subsequent progress. It therefore should be described as a threat made at that time—not as a confirmed active impeachment case in October 2026.
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An impeachment proposal is a political and constitutional process, distinct from the criminal investigation into the token. The announcement itself does not establish criminal wrongdoing, and the existence of a criminal inquiry does not establish that impeachment proceedings are underway.
How has the $LIBRA investigation developed?
| Date | Development | What it establishes |
|---|---|---|
| October 2024 | The President’s Office said Milei met KIP Protocol representatives, who described a planned blockchain project called “Viva la Libertad” to finance private ventures. | An account by the President’s Office of a meeting and the project’s stated purpose; not an independent finding about the project’s ownership or operation. |
| January 30, 2025 | The President’s Office said Milei met Hayden Mark Davis at Casa Rosada. | The office’s account said Davis was presented as a technology-infrastructure provider and had no current connection with the Argentine government. |
| February 14–15, 2025 | Milei posted about $LIBRA; the next day, his office said he deleted the post, referred the matter to the Anti-Corruption Office, and created an investigation unit. | The post and the government’s stated response. The response does not itself establish that the government found wrongdoing. |
| February 19–20, 2025 | Decree 114/2025 directed the Anti-Corruption Office to investigate possible irregularities or corruption connected to $LIBRA and established an information-gathering unit to assist judicial authorities. | A government inquiry and information-gathering function—not a finding of guilt. |
| January–March 2026 | The prosecutor’s office said the technical directorate (DATIP) submitted its final report on January 13, that it entered the judicial system on February 24, and that a March 20 clarification addressed report handling and a separate inquiry into a leak of private case materials. | The prosecutorial update did not disclose the final report’s conclusions. |
| February 14, 2026 | EFE reported that no accused had been called for formal questioning by the case’s first anniversary. It also summarized a congressional investigative commission’s final report. | That was the case’s reported procedural position on that date. The commission said Milei used the presidential office to promote the token and urged Congress to assess possible malfeasance; those are the commission’s conclusions, not a criminal judgment. |
Is “pump and dump” a proven finding?
No court finding establishing that Milei committed fraud or that a “pump and dump” occurred appears in the sources described here. The phrase in the headline is a characterization of the allegations, not a judicial conclusion. The distinction matters: an official inquiry, a prosecutor’s technical report, and a congressional commission’s conclusions are different kinds of evidence and do not, by themselves, determine criminal liability.
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The prosecutor’s office said the final technical report was made available to the parties, but its public statement did not summarize the report’s substance. EFE’s account of the congressional commission records a political body’s conclusions; it does not convert those conclusions into a court ruling.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What should readers take from this as a personal-finance story?
A president’s post, an official inquiry, and allegations about a token are not proof that the token was safe, fraudulent, or backed by a particular party. Nor do the sources described here establish a verified investor-loss figure or price movement. Readers should separate claims about the project and token from confirmed procedural facts, and avoid treating political promotion or accusations as a substitute for independent evidence about a crypto asset.
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