Milei and $LIBRA: Argentine opposition reopens investigation in Congress
- Argentine opposition resumes investigation into LIBRA and Milei
- LIBRA scandal puts pressure on government amid new allegations
- Deputies strengthen investigation involving President Milei and cryptocurrency
Argentina's political scene is once again in turmoil with the opposition parties' decision to revive the investigation into President Javier Milei and his alleged links to the LIBRA cryptocurrency scandal. The first commission, established in April, had lost momentum following internal obstacles and the dissolution of the task force responsible for the case in May.
The issue returns to Congress at a delicate time for the government. Recently, recordings attributed to Diego Spagnuolo, Milei's former lawyer, surfaced, in which he mentioned alleged bribery payments involving the president and his sister, Karina. Spagnuolo confirmed the authenticity of the recordings, which generated significant political backlash and even public protests against Milei.
With this new episode, the opposition has gained enough support to continue the investigation. According to Maximiliano Ferraro, a representative of the Civic Coalition (ARI) and chairman of the committee: "The Department of Justice is investigating, and we hope it truly has confidence, is not afraid, and acts swiftly in the LIBRA case. Was there or was there not privileged information used at the highest levels of power? I don't want to jump to conclusions, because this is an investigative committee."
The LIBRA case was marked by suspicious transactions that raised accusations of market manipulation, a practice known as pump and dump. Besides damaging the institution's image, the episode also affected the confidence of cryptocurrency investors in the country, reigniting discussions about transparency and regulation in the sector.
Despite evidence previously gathered by prosecutors, the investigation had been halted by political pressure and administrative blockages. Now, five parties, representing 136 of the 257 deputies in the Chamber, have lined up to resume the process, making it difficult for the ruling coalition to block progress.
The new parliamentary committee set a November 10 deadline for submitting its final report, meaning the results will only be available after the October elections. Until then, the scandal will remain one of the most sensitive issues for Milei's government, directly impacting political debate and affecting the perception of the Argentine crypto community.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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