Argentina’s deputies have gone Several resolutions Digging deeper into the scandalous Libra Cryptocurrency failure, whose possible relations with President Javier Milei are also reviewed.
Deputed chambers voted for a special committee to be created, to call government representatives and to require detailed documentation on the collapsed crypto token.
Political gap arises over investigative powers
The establishment of one Special Commission was approved with 128 votes, 93 against and seven interest rates, which emphasize the political pressure that surrounds the case.
Legislators also authorized a bill to urge senior officials from the executive branch, such as Finance Minister Luis Caputo, Chief of Staff Guillermo Francos, Justice Minister Mariano Cúneo Libarona and National Securities Commission President Roberto Silva. This resolution was adopted tightly with 131 votes that support and 96 opposite.
Argentina’s Javier Milei faces fraud allegations over the Libra scandal. Image: Natacha Pisarenko/AP Photo
A third resolution requesting detailed information from the executive branch of Wave token Got 135 votes in favor, 84 against and 7 abducted.
According to reports, these measures came to respond to growing concerns about whether the Cryptocurrency case damaged Argentina’s financial interests.
Legislators split along the party lines
MPs strongly expressed different views during the legislative session. Pablo Juliano from the Democracy Forever block emphasized the need for legislative monitoring of the situation.
His position was in sharp contrast to Nicolás Mayoraz from President Mileis La Libertad Avanza party, who warned the Commission could exceed the legal authority.
Other legislators took average positions. Oscar Agost Carreño from Encuentro Federal and Karina Banfi from UCR emphasized the legislator’s responsibility to require political liability.
Banfi noted that investigations are already taking place at both national and international levels. Maximiliano Ferraro from the Civic Coalition argued for the public’s right to openness on the issue.
Gabriel Bornoroni, La Libertad Avanza Bloc leader, dismissed the opposition’s efforts. He claimed that they were simply trying to interfere with the government’s progress, pointed to the financial surplus that was achieved in 2024, claiming that inflation has decreased steadily during the current administration.
Legal action is aimed at the horizontal
The political debate follows serious legal challenges against the wave token creator Haydone Davis. On March 13, Argentine lawyer Gregorio Dalbon asked Interpol to issue a red message for Davis, whose company Kelsier Ventures launched the wave token in February.
Based on reports, Argentine prosecutors have identified Davis as the protagonist responsible for the token’s collapse, which caused widespread financial losses.
The scandal has now crossed borders, with Burwick teamA large Cryptocurrency Legal company that submitted a mood against Kelsier Ventures and two related platforms: Meteora and Kip protocol.
The judicial measure aims to recover the profit and to compensation for the investors concerned in the United States.
Image from Vox, Chart from TradingView
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