ChainCatcher news, according to Bitcoin.com News, Argentine President Javier Milei is under investigation by the FBI due to his previous promotion of a failed cryptocurrency project called Libra on social media. The report indicates that the Libra project is associated with an unregistered company and lacks the necessary compliance measures.

ChainCatcher news, according to Bloomberg, Argentine President Milei arrived in the U.S. capital on Thursday, seeking a breather from the cryptocurrency turmoil that continues to unfold, nearly a week after he promoted a meme coin on the X platform, which caused its price to soar and then quickly crash. This visit to the U.S. was planned well in advance, and its timing is just right to help Milei refocus on his economic achievements within his political circle.He plans to meet with Musk, will speak at the Conservative Political Action Conference, and will also meet with International Monetary Fund (IMF) President Kristalina Georgieva to seek to solidify an agreement aimed at boosting Argentina's economy.

ChainCatcher news, according to CoinDesk, Libra token co-founder Hayden Davis claimed in a text message last December that he influenced presidential decisions by bribing Argentine President Javier Milei's sister, Karina Milei, stating, "I gave his sister money, and he signed as I wanted, acted according to my requests."It is reported that Karina Milei is a key figure in the Milei government, currently serving as the Secretary General of the Argentine Presidency, and is the sister of the current Argentine President Javier Milei.In response, Hayden Davis's spokesperson Michael Padovano stated that Davis does not recall sending such a message, and there is no record of the message being sent on his phone.Davis stated in a declaration: "Recent media reports have claimed that I paid President Javier Milei or his sister Karina Milei to launch the Libra memecoin, which is completely false. I have never paid them any fees, nor have they requested any payment from me. Their only concern is to ensure that the benefits of Libra can help the people and economy of Argentina."

ChainCatcher news, according to Jinshi reports, Argentine President Milei's spokesperson Adorni stated that considering Milei's involvement in bribery while promoting cryptocurrency is an "insult," and the government currently does not plan to dismiss any officials due to the cryptocurrency scandal.

ChainCatcher news, Argentine President Milei stated on a television program: "I acted in good faith, and the result was a setback. Did the country lose? No. Did Argentinians lose? At most four or five. The vast majority of investors are Chinese and Americans.I share this information just like I have shared hundreds of things before. My tweet was sent three minutes after the creation of the currency because I am passionate about these matters and I understand them. These people are volatility traders who know what they are doing.Saying that 44,000 people were affected is false; at most, there were only 5,000. The likelihood of Argentinians being involved is very small. These are all very professional people in this type of financial instrument. Those who participated are very clear about the risks they are taking ------ they are volatility traders. This is a private matter between individuals, and they participated voluntarily.I did not promote LIBRA; I merely shared information about LIBRA. I did this because I am a firm technological optimist. Any initiative that can improve financing for tech entrepreneurs attracts me. I did not make a mistake because I acted in good faith. But when I saw the consequences, I realized that I still have a lot to learn. I need to understand that after becoming president, I must still act as I did before. Unfortunately, this situation made me realize that I need to raise my standards and not be so easily accessible."

ChainCatcher news, Argentine President Milei forwarded the LIBRA token purchase tutorial, LIBRA briefly surged past $0.7, with a current market cap of $580 million.The LIBRA token purchase tutorial was originally tweeted by Argentine economic and political commentator Dario Epstein on his X account.ChainCatcher reminds that the price of this token is highly volatile, please be aware of the risks.

ChainCatcher news, according to Polymarket data, Argentine President Javier Milei is facing significant political backlash due to the failure of the LIBRA project. Currently, there is a 20% chance that he will lose the presidency within this year, and this probability is rising.

ChainCatcher news, according to market news, Argentina's main stock index fell more than 5.7% yesterday due to a cryptocurrency scandal related to presidential candidate Milei.

ChainCatcher news, according to Bloomberg, it remains unclear how Milei will be affected by the ongoing LIBRA scandal with 10 months to go before the midterm elections in Argentina. The opposition quickly threatened to take legal action and initiate impeachment proceedings, but progress on impeachment is unlikely due to the need for a two-thirds majority in Congress.The main center-right party of former market-friendly president Mauricio Macri, who supports Milei's reforms, has expressed disappointment so far but rejected the Peronist opposition's attempts to remove Milei.Pollsters indicate that Milei may still avoid significant political costs as inflation is declining, wages are rising, and the economy is growing. His approval rating has hovered around 47% for months, while all other political parties in Argentina have lower and more fragmented support. However, this incident has once again raised concerns about his sometimes erratic personality and decisions.Meanwhile, Milei will travel to Washington this week, hoping to meet with Trump and gain his support to secure more funding from the International Monetary Fund for Argentina, while a new plan is still under negotiation, and Argentina may also receive tariff exemptions from Trump.

ChainCatcher news, according to the Associated Press, some lawyers in Argentina filed fraud charges against President Javier Milei in a criminal court on Sunday, accusing him of promoting cryptocurrency on social media.One of the plaintiffs, lawyer Jonatan Baldiviezo, stated that they see an illegal organization in this incident that has committed "an indeterminate number of fraudulent acts." He said, "In this illegal organization, fraudulent crimes occurred, and the president's actions are crucial."The criminal justice department is expected to appoint a judge on Monday to hear the case or submit it to the prosecutor for further investigation.

ChainCatcher news, LIBRA's main sponsor KIP Protocol issued a response to the "official statement from the Argentine Presidential Office regarding the issuance of LIBRA tokens": "Mauricio Novelli is not a member of the KIP team; Novelli is the founder of Argentina Techforum, and KIP sponsored him in October 2024. KIP Protocol has never met with Argentine President Javier Milei in January 2025."Previous news, this morning the Argentine Presidential Office issued a statement stating that President Javier Milei met with KIP Protocol's representative in Argentina on October 19 last year. Attendees included KIP Protocol company representatives Mauricio Novelli and Julian Peh, as well as presidential spokesperson Manuel Adorni.

ChainCatcher news, according to the Argentine presidential office: "On October 19, 2024, President Javier Milei met with representatives of KIP Protocol in Argentina. During this meeting, the company representatives presented the president with their intention to develop a project called 'Viva la Libertad' ('Long Live Freedom'), which aims to utilize blockchain technology to provide financing for private enterprises in Argentina.This meeting has been officially recorded in the public hearing registry, with participants including the national president, KIP Protocol representatives Mauricio Novelli and Julian Peh, as well as presidential spokesperson Manuel Adorni.In this context, on January 30, 2025, the president met with Hayden Mark Davis at the Casa Rosada (Rose Palace). According to the introduction by KIP Protocol representatives, Mr. Davis will provide the technical infrastructure for the project. Mr. Davis has had no prior association with the Argentine government, nor has he established any relationship with it; he was referred as a project partner by representatives of KIP Protocol.Finally, yesterday, the president posted a message on his personal social media account announcing the launch of the KIP Protocol project, similar to his usual support for many entrepreneurs looking to start projects in Argentina to create jobs and attract investment. Due to the widespread attention the project launch received, and to avoid any speculation and reduce further dissemination, the president decided to delete this post.In light of the above, President Javier Milei has decided to immediately refer this matter to the Anti-Corruption Office (OA) to determine whether there has been any misconduct by any members of the national government, including the president himself, in this incident.Additionally, the national president has decided to establish an investigative task force (UTI) under the presidential office, which will consist of representatives from institutions and departments related to cryptocurrency, financial activities, money laundering, and other relevant fields, to consolidate information for an urgent investigation into the release of the cryptocurrency LIBRA and all related businesses or individuals.All information collected during the investigation will be handed over to the judicial authorities to determine whether any businesses or individuals associated with the KIP Protocol project are suspected of criminal activity.President Milei has demonstrated his commitment to the pursuit of truth through concrete actions and has pledged to thoroughly investigate this incident until the truth is revealed."

ChainCatcher news, according to market news, the Argentine opposition threatens to impeach President Javier Milei, accusing him of promoting a cryptocurrency rug pull that caused the token's market value to plummet from $4 billion to $418 million within a few hours.

ChainCatcher message, Kelsier released an announcement and clarification video regarding the latest developments of the Libra token, stating: "As the release advisor for the Libra Token project, I want to clarify key aspects of the release and address the recent developments regarding Javier Milei's involvement and subsequent withdrawal of support. Javier Milei initially supported and actively promoted the Libra Token on social media platforms, including X and Instagram. His colleagues received his public support at the time of the release and assured me that he would continue to be supportive throughout the release process. Given my role as an advisor, my primary responsibility is to ensure that the token has sufficient quantity, liquidity, and strong funding to support its price and realize the project's vision. However, as an advisor, there are many factors that I cannot control.""Despite previous commitments, Milei and his team unexpectedly changed their stance, withdrew their support, and deleted all prior social media endorsements. This sudden decision was made without any prior warning and directly contradicted previous assurances. I was surprised when Milei later issued a statement claiming that his withdrawal was due to alleged misconduct by the project's supporters, labeling them as fraudsters. I categorically reject this assertion and want to emphasize that Julian Peh, the founder of KlP Network and the main sponsor of the Libra Token, is completely innocent. I can only assume that Milei's associates are trying to shift the blame onto Julian to evade responsibility.""It is crucial to recognize that memecoin investments are driven by trust and recognition. When Milei and his team deleted their posts, investors who purchased the tokens based on trust in his endorsement felt betrayed. This led to a wave of panic selling, further exacerbating the situation. The sudden loss of confidence had a catastrophic impact on the market stability of the token.""Regarding my responsibilities, I am responsible for ensuring the project's liquidity and still maintain control over all related fees and funds. I want to make it clear that I have not, and will not, use these funds for personal gain. As the custodian of these funds (not the owner), I am unwilling to transfer them to Milei's associates or the KlP team. Instead, after consulting with experts, I recommend reinvesting 100% of the funds I control (up to $100 million) back into the Libra token and burning all purchased supplies. Unless a more viable alternative is proposed, I intend to begin executing this plan within the next 48 hours. I remain committed to maintaining transparency and will continue to provide updates as the situation develops."

ChainCatcher message, the KIP Protocol official stated on platform X, "The Viva la Libertad project aims to assist private enterprises in Argentina, and the LIBRA token has also achieved some success. To address unnecessary issues: we want to clarify that this is a private enterprise project, and President Milei was not involved in the development of this project, as he himself mentioned. This is a completely private enterprise project."

ChainCatcher news, Argentine President Milei forwarded a response to KIP co-founder and CEO Julian's tweet, welcoming KIP to invest in Argentina and Latin America and promote AI development. Following their one-on-one meeting in September, Milei publicly interacted with KIP again on social media, expressing his recognition and strong support for KIP. This is also the first Web3 project, aside from memes, to receive multiple endorsements and interactions from international presidents.KIP is a Web3 infrastructure built for AI app developers, model creators, and data owners, allowing for easy deployment and monetization of AI assets while fully retaining ownership. It is reported that KIP has announced its TGE will take place on December 10 at 10 AM (Beijing time) on KuCoin, Gate.io, and BingX.