PANews reported on April 11 that according to Bitcoin.com, the lower house of the Argentine Congress approved the establishment of a special committee to investigate the role of senior government officials in the issuance and collapse of the La Libertad Avanza project (i.e., the Libra token). The committee is composed of 24 members, who will review testimonies from all parties to confirm whether President Javier Milei, his sister Karina Milei, and other government officials were involved in the issuance of the token and its subsequent collapse. The committee will launch an investigation on April 23 and must submit an investigation report within three months to clarify relevant responsibilities.

Mile first announced the Libra token plan in February, claiming that it would be used to support small and medium-sized enterprises in Argentina. However, just hours after the token was issued, the price plummeted, causing losses to tens of thousands of investors. This congressional investigation is one of the investigations launched by multiple domestic and foreign institutions into the Libra token incident. Other institutions involved in the investigation include the Argentine court and the US Department of Justice. All parties are committed to finding out the truth of the incident.