The U.S. Department of Justice has initiated an investigation into the LIBRA token, notably endorsed by Argentine President Javier Milei.
Reasons for Investigation
The U.S. DOJ is focusing on the LIBRA token, which garnered public support from Argentine President Javier Milei. According to Bitcoin.com News, the probe addresses potential economic offenses. Also under scrutiny are Hayden Adams, CEO of Uniswap, and Julian Peh, co-founder of KIP Protocol.
Argentine Senate's Demands
The Argentine Senate is demanding a report on President Milei's connections to the LIBRA token, adding another layer of pressure to the situation.
Potential Crimes in the Crypto Industry
Possible economic crimes include pump-and-dump schemes, market manipulation, and insider trading. These actions pose significant risks to investors and highlight the need for regulation in the crypto industry.
The LIBRA investigation signals a wake-up call for the crypto industry, underlining the need for strict oversight and accountability to protect investors.
