The Argentine Congressional Commission in charge of probing Libra, the disgraced memecoin, has agreed to call President Milei to correct his earlier statements about the number of citizens affected by the token launch.
Argentine Congressional Probe on Libra Advances: President Milei Summoned
The Facts:
The Argentine commission in charge of investigating the Libra incident, where President Javier Milei shared info about a token with that name using his social media account, continues its advance to clarify the events that unfolded during the launch of the token.
Maximiliano Ferraro, president of the commission, highlighted that it decided to summon President Milei to correct his earlier statements about the almost null participation of Argentine citizens in Libra’s launch.
While Milei stated that “at most” 5 Argentines could have been affected by the token’s price disaster. Nonetheless, Ripio, a local exchange that listed Libra on its platform, reported that 1,329 Argentines bought Libra.
“Of the 5,000 (damaged), the vast majority are Americans and Chinese,” he affirmed in February.
In addition, Ferraro revealed that the commission identified millionaire transactions between Hayden Davis, CEO of Kelsier Ventures, and Mauricio Novelli and Manuel Terrones Godoy, two crypto entrepreneurs.
Agustin Rombola, a local attorney, labeled these transactions as bribes, based on an earlier report of the prosecutor in charge of the case, and requested the arrest of the two crypto entrepreneurs.
He declared:
We have now given him a name and surname, so we understand that there is no plausible argument for either the prosecutor or the judge to deny our request.
Why It Is Relevant:
The movements might help to clarify the organization behind Libra, and if there really were bribes leading to the participation of one or several individuals in its promotion. Statements made before by Davis point in this direction, with messages allegedly pointing to Karina Milei, Milei’s sister, as a contact between Libra’s people and the current administration.
This could clarify the responsibilities of the individuals who launched Libra, and help the over 44K users affected to receive some kind of compensation.
Looking Forward:
While it is unlikely that President Milei will answer the congressional summons, it could involve a more serious petition to Argentine courts to compel President Milei to assist by force.
The courts and their decision over the arrest request of the two cryptocurrency entrepreneurs will be key for further advancing the probe with fresh information.
FAQ 🧭
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What is the current focus of the Argentine commission investigating the Libra incident?
The commission is working to clarify the events surrounding the launch of the Libra token, particularly President Javier Milei’s statements regarding its impact on citizens. -
How many Argentines were actually affected by the Libra token launch?
Contrary to Milei’s claim that only five Argentines were impacted, Ripio reported that 1,329 individuals in Argentina purchased Libra. -
What allegations have emerged regarding transactions tied to the Libra incident?
The commission identified significant transactions involving crypto entrepreneurs, which a local attorney has labeled as bribes, leading to requests for their arrest. -
What implications does this investigation have for the responsible parties involved in Libra’s launch?
The findings could clarify the organization behind Libra and may enable affected users to seek compensation while potentially implicating higher authorities in wrongdoing.