The lower house of the Argentine Congress has approved a series of measures aimed at investigating the cryptocurrency of Libra that shook the country after being promoted by President Javier Milei earlier this year.
In a special session convened by the “Democracy forever” block, the deputies approved three resolutions: the formation of an investigation commission, the citation of the senior government officials and a formal request for information from the executive branch.
Among those summoned are the chief of the Cabinet Guillermo Francos, the Minister of Economy, Luis Caputo, the Minister of Justice Mariano Cueo Libarona and the head of the National Securities Commission, Roberto Silva, according to the official release of the Chamber of Deputies in Argentina. The resolutions passed with a comfortable majority but faced a strong opposition, revealing a division between the lines of the party.
“The time has come for Congress to audit if there is any damage in Argentina: we have a commitment to the truth,” said Deputy Pablo Juliano, one of the sponsors of the initiative. Others, such as the deputy Nicolás Mayoraz of the ruler La Libertad Avanza (lla), retreated, accusing legislators to assume “powers that belong only to the Judiciary” and politicize the issue.
Of the civic coalition, Deputy Maximiliano Ferraro said that society “has the right to know the truth” and that the duty of Congress was to “sue and investigate it.” The leader of the ruling party Gabriel Bornoroni, at the end of the debate, suggested that opposition legislators were “making a show.”
“I think it bothers them that we had a fiscal surplus for 2024 and that we will also have one this year, and that inflation continues to fall every month,” said Bornoroni. Libra Memecoin investigation, according to the investigation, destroyed more than $ 250 million in investors.
The price of Token increased shortly after its launch in early February after Milei promoted the project in X, saying that “it would focus on promoting the growth of the Argentine economy, financing small companies and Argentine companies.”
The promotion of Milei saw that several cryptography addresses moved, which allowed experts to download massive amounts of tokens in these investors to the point of the market capitalization of the Token and then suffered a 90%drop.
Discharge of responsibility: the information collected for this article was translated with the use of artificial intelligence.
