Argentina Launches LIBRA Investigation, Senior Officials May Be Involved
The Argentine Congress has recently ignited a cryptocurrency storm! The House of Representatives has passed several resolutions with a high vote, officially launching a comprehensive investigation into the LIBRA cryptocurrency collapse.
This shocking event that has shaken the financial sector may now implicate President Javier Milei, making him an important party in this investigation.
The Argentine House of Representatives passed a resolution with 128 votes in favor, 93 against, and 7 abstentions, deciding to establish a special committee to summon government representatives and request detailed documents regarding the cryptocurrency collapse. This move also reflects the political pressure currently faced by the case.
Members of the House of Representatives' special committee also approved a bill requiring the summoning of senior officials from the executive branch, including Minister of Economy Luis Caputo, Chief of Staff Guillermo Francos, Minister of Justice Mariano Cúneo Libarona, and Chairman of the National Securities Commission Roberto Silva. This resolution was ultimately passed by a narrow margin of 131 votes in favor and 96 against.
The House of Representatives also passed a third resolution requiring the executive branch to submit detailed information about the LIBRA token, which passed with 135 votes in favor, 84 against, and 7 abstentions.
Gabriel Bornoroni, leader of the Freedom Vanguard Party (La Libertad Avanza), refuted the opposition's actions. He claimed that the opposition merely wants to disrupt the government's process and that the government has achieved a fiscal surplus in 2024. He also claimed that under the current government's leadership, inflation has been steadily declining.
Legal actions against LIBRA founder Haydone Davis are also underway. On March 13, Argentine lawyer Gregorio Dalbon requested Interpol to issue a red notice for Davis.
It is reported that Davis's company, Kelsier Ventures, launched the LIBRA token in February of this year. Reports indicate that Argentine prosecutors have identified Davis as the primary person responsible for the token's collapse and the resulting widespread financial losses.
This scandal has now crossed international borders, with the large cryptocurrency law firm Burwick Law taking legal action aimed at recovering profits and providing compensation to affected American investors.
What does everyone think about this LIBRA collapse event? Do you think the investigation results will provide a satisfactory explanation to the public?