Argentine President Javier Milei Got Into Trouble With This Altcoin! Congress Requested An Investigation! Here Are The Details

The Argentine Chamber of Deputies has voted to advance multiple resolutions to investigate government officials linked to the Libra memecoin scandal that has plagued President Javier Milei since the beginning of this year. Argentine Congress Moves to Investigate Officials Tied to Libra Memecoin Scandal Lawmakers are targeting senior government figures following President Milei’s controversial crypto endorsement. The lower house of Congress approved three draft resolutions late Tuesday, paving the way for a formal investigation into possible wrongdoing by public officials connected to the Solana-based Libra token project. The investigation will look into whether Milei’s dramatic collapse following its public endorsement of the memecoin harmed the Argentinian people or violated government regulations. Congressional Investigation Targets Top Officials The resolutions call for the establishment of a special commission of inquiry, the summoning of key government officials to testify and the requesting of official documents and reports from the Executive Branch, according to a statement from the House of Representatives. Those expected to be summoned include Argentina’s chief of staff, economy minister, justice minister and the head of the National Securities Commission (CNV), the country’s top financial regulator. “It is time for Congress to look into whether harm has been done to Argentina; we are committed to the truth,” said Pablo Juliano, a representative of the Democracia para Siempre bloc. Not everyone supported the move. Representative Nicolás Mayoraz, from Milei’s ruling La Libertad Avanza party, pushed back, describing the investigation as interference that disrespected the separation of powers. The scandal began on February 14, when Libra, a Solana-based cryptocurrency, was launched through Delaware-based firm Kelsier Ventures. Hours later, President Milei posted on social media platform X (formerly Twitter) promoting Libra as a project that would provide funding to small businesses and startups in Argentina’s struggling economy. The post included a link to the token’s website and contract address at Solana, framing the initiative as a private project separate from official government policy. Backed by Milei, Libra’s fully diluted market cap rose above $2 billion before losing more than 90% of its value in a matter of days. *This is not investment advice. Continue Reading: Argentine President Javier Milei Got Into Trouble With This Altcoin! Congress Requested An Investigation! Here Are The Details

Source: BitcoinSistemi