– Argentina’s Frente de Todos opposition reopens probe into President Milei’s alleged ties to LIBRA token scandal, linked to Hayden Davis’s pump-and-dump schemes.
– Davis, operating as Kelsier, faces accusations of orchestrating LIBRA’s price surge before dumping holdings, with similar patterns observed in Kanye West’s YZY memecoin.
– Investigation will assess potential coordination between Davis and political figures, focusing on non-public information access and market manipulation for financial gain.
– Case highlights Argentina’s underdeveloped crypto regulations and risks to transparency, as Milei’s pro-crypto stance clashes with allegations of insider trading networks.