Argentina’s Chamber of Deputies has approved the creation of a special congressional committee to investigate the controversial LIBRA memecoin project tied to President Javier Milei. The resolution passed on April 9 with 128 votes in favor, 93 against, and seven abstentions. The committee has the power to summon top government officials and demand records from public institutions, with Economy Minister Luis Caputo, Justice Minister Mariano Cúneo Libarona, Chief of Staff Guillermo Francos, and Roberto Silva expected to testify. However, there is criticism over the exclusion of President Milei and his sister Karina Milei from the investigation.
Lawmaker Sabrina Selva has raised concerns about the exclusion of President Milei and his sister from the investigation, insisting that they should appear before the committee to clarify their roles in the LIBRA incident. Another lawmaker, Gabriela Estevez, echoed this sentiment, emphasizing the importance of transparency for all Argentines to understand how the fraud was planned and carried out, including the involvement of the President and other officials. The committee’s broad scope aims to uncover the truth behind the LIBRA memecoin project and hold those responsible accountable.
The LIBRA memecoin project, promoted by President Milei, garnered public attention for enriching its creator, Hayden Davis, by over $107 million before collapsing. Despite denying direct involvement in the token’s creation or financial operations, President Milei’s endorsement has sparked allegations of fraud. The situation has escalated into a political scandal, prompting both a congressional investigation and a judicial inquiry by Argentine prosecutors to uncover suspicious transactions and freeze related assets. Lawyer Gregorio Dalbón has also called on Interpol to issue a Red Notice for Davis over alleged financial misconduct linked to the LIBRA project.
The investigation into the LIBRA memecoin project has ignited a firestorm of controversy in Argentina, with calls for transparency and accountability at the forefront. The formation of a special congressional committee to probe the project signals a serious effort to uncover the truth behind the fraud and hold those responsible to account. With top government officials expected to testify, including Economy Minister Luis Caputo and Justice Minister Mariano Cúneo Libarona, the committee aims to shed light on the involvement of key figures in the scandal, such as President Javier Milei and his sister Karina Milei.
The exclusion of President Milei and his sister from the investigation has raised concerns among lawmakers, who argue that all officials involved in the project should be held accountable before the committee. The probe into the LIBRA memecoin project underscores the importance of transparency and integrity in financial dealings, especially when public trust is at stake. As the investigation unfolds, Argentine authorities and Interpol will continue their efforts to uncover the full extent of the fraud and bring those responsible to justice. The outcome of the investigation will have far-reaching implications for President Milei and others involved in the scandal, as the truth behind the LIBRA memecoin project is finally brought to light.
