The Argentine House of Representatives investigation committee released a report accusing President Milei of providing key collaboration for the Libra project, resulting in a loss of $107 million. The report associates KIP Protocol, suggesting that the government is evading regulation. Milei denies the accusations and is currently undergoing a judicial investigation with the founder of Libra.

According to ChainCatcher news and a report by Cointelegraph, Vertical Research Advisory managing partner Kip Herriage suggested that GameStop use its cash reserves to purchase $2.5 billion worth of Bitcoin.

On March 18th, PANews reported that Burwick Law firm has filed a lawsuit on behalf of its clients in the New York Supreme Court against Kelsier Ventures, KIP Protocol, Meteora, and related parties regarding the LIBRA Token issuance. The collective lawsuit alleges that the defendants orchestrated an unfair Token issuance activity, misled buyers, and harmed the interests of retail investors.

KIP Protocol has released a statement regarding the $LIBRA Token incident to clarify its role: it did not initiate the Libra project, assisted the financing plan for small and medium-sized enterprises in Argentina, did not participate in token issuance or profit-making, is unrelated to the president, and is willing to cooperate to resolve misunderstandings and protect its reputation.

KIP Protocol issued a statement to clarify multiple errors in the statement from the Office of the President of Argentina. It did not involve the Viva la Libertad project or token issuance, did not cooperate with Hayden Mark Davis, and did not participate in token issuance development.