LIBRA has seen a significant increase of more than 80% following the disbandment of an investigative task force by Argentine President Javier Milei. The task force, known as the Investigative Task Unit, has transferred all its findings to the national prosecutor's office.

Though the closure of the task force could affect ongoing investigations, there is a growing push to look into Milei’s financial connections. Despite these developments, the criminal charges against Argentina’s president remain unchanged.

The LIBRA scandal, linked to Milei, had a negative impact on Argentina's cryptocurrency sector. Milei faces criminal charges and has been under scrutiny by the courts and government bodies. The dissolution of the task force may slow down these investigations, as confirmed by local reports.

While LIBRA's price surged by over 80%, it still faces uncertainties, following a pump-and-dump scheme that tarnished Milei's reputation. The meme coin, based on Solana, has yet to regain its initial success since its collapse in February.

Although LIBRA's value surged on the news of Milei’s actions, its long-term stability is uncertain. Despite the disbandment of the LIBRA-specific task force, investigations into Milei's involvement continue.

Recently, a federal judge ordered the release of financial records of Milei and associates, with their assets frozen. Furthermore, impeding U.S. investors have raised the prospect of American authorities prosecuting Milei, possibly through a class-action lawsuit or other means.