Argentina’s Milei Faces US Criminal Complaint Over LIBRA Token Collapse

An Argentine law firm has filed a criminal complaint with the US Department of Justice and FBI, calling for an investigation into the collapse of the LIBRA token and the potential involvement of Argentine President Javier Milei. This follows a separate complaint from Civic Coalition ARI, alleging bribery and fraud. The LIBRA token surged after Milei endorsed it on X, reaching a $4.56 billion market cap before crashing. The government claims Milei was misled, but opposition lawmakers are pushing for impeachment. Meanwhile, LIBRA’s founder insists the collapse was a failure, not a scam.

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LIBRA Token Scandal Deepens as Advisor Claims $100M Stuck in Limbo

As controversy around Javier Milei’s meme coin endorsement grows, Hayden Davis, the entrepreneur tied to LIBRA’s launch, says he is left holding $100 million and fears for his safety. The Solana-based token skyrocketed to a $4 billion market cap before crashing, prompting fraud allegations and legal complaints against Milei. Davis insists he never intended to take the funds, claiming they were meant to be reinvested but were held back while awaiting Milei’s second endorsement, which never came. On-chain data shows millions moved from liquidity pools, fueling accusations of insider manipulation.

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LIBRA Scandal Expands as Kelsier Ventures’ Ties to Nigerian Crypto Project Surface

The fallout from the LIBRA memecoin scandal continues, with new revelations linking Kelsier Ventures—the company behind the token promoted by Argentine President Javier Milei—to a similar project involving Nigerian officials. While the project is now unlikely to proceed, the controversy is escalating. US law firms are preparing class action lawsuits against Milei, and the opposition is considering impeachment. Kelsier CEO Hayden Davis has also been linked to Melania Trump’s $MELANIA token, raising further questions about political ties to memecoins.

Bernstein Predicts Bitcoin Bull Run to Continue as Institutional Adoption Grows

Bitcoin’s rally is set to continue as major institutions pour capital into the asset, according to a new report from global investment firm Bernstein. Analysts credit the surge to the approval of Bitcoin ETFs, rising institutional demand, and the election of crypto-friendly Donald Trump. With sovereign wealth funds like Abu Dhabi’s Mubadala Investment Company investing heavily in Bitcoin ETFs, Bernstein sees Bitcoin as a challenger to gold. The firm maintains its forecast of Bitcoin reaching $200,000 by the end of 2025.

Texas Senate to Discuss Strategic Bitcoin Reserve as US States and Federal Government Explore BTC Holdings

The Texas Senate will hold a public hearing to discuss a proposal by Senator Charles Schwertner to establish a state Bitcoin reserve. The legislation would authorize investments in cryptocurrencies that meet specific criteria, with Bitcoin currently being the only eligible asset. Other states, including Georgia and Wisconsin, are also considering or have already adopted BTC-based investments. Meanwhile, the Trump administration’s Crypto Czar, David Sacks, confirmed that the federal government is evaluating Bitcoin as a potential strategic reserve asset.