{"id":21237,"date":"2025-04-09T08:31:52","date_gmt":"2025-04-09T08:31:52","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=21237"},"modified":"2025-04-09T08:31:52","modified_gmt":"2025-04-09T08:31:52","slug":"argentinas-congress-launches-probe-into-libra-fiasco","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=21237","title":{"rendered":"Argentina\u2019s Congress Launches Probe Into LIBRA Fiasco"},"content":{"rendered":"
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Argentina\u2019s lower house of Congress has approved a series of measures aimed at probing the LIBRA cryptocurrency that rocked the country<\/a> after being promoted by President Javier Milei earlier this year.<\/p>\n

In a special session called by the \u201cDemocracy Forever\u201d bloc, deputies passed three resolutions: the formation of an investigative commission, the summons of top government officials, and a formal request for information from the executive branch.<\/p>\n

Among those summoned are Chief of Cabinet Guillermo Francos, Economy Minister Luis Caputo, Justice Minister Mariano C\u00faneo Libarona and the head of the National Securities Commission, Roberto Silva, according to the official release<\/a> from the Chamber of Deputies in Argentina. The resolutions passed with a comfortable majority but faced strong opposition, revealing a split across party lines.<\/p>\n

\u201cThe time has come for Congress to audit whether there is any harm to Argentina: we have a commitment to the truth,\u201d said Deputy Pablo Juliano, one of the initiative\u2019s backers. Others, like Deputy Nicol\u00e1s Mayoraz of the ruling La Libertad Avanza (LLA), pushed back, accusing lawmakers of assuming \u201cpowers that belong solely to the Judiciary\u201d and politicizing the issue.<\/p>\n

From the Civic Coalition, Deputy Maximiliano Ferraro said that society \u201chas the right to know the truth\u201d and that Congress\u2019 duty was to \u201cdemand and investigate it.\u201d Ruling party bloc leader Gabriel Bornoroni, at the close of the debate, suggested opposition lawmakers were \u201cputting on a show.\u201d<\/p>\n

\u201cI think it bothers them that we had a fiscal surplus throughout 2024 and that we\u2019ll have one this year too \u2014 and that inflation continues to fall every month,\u201d Bornoroni said. The LIBRA memecoin fiasco, research shows, destroyed over $250 million<\/a> in investor wealth.<\/p>\n

The token\u2019s price surged shortly after being launched in early February after Milei promoted the project on X, saying it would \u201cfocus on encouraging the growth of the Argentine economy, funding small businesses, and Argentine ventures.”<\/p>\n

Milei\u2019s promotion saw various crypto addresses move in, allowing insiders to offload massive amounts of tokens on these investors to the point the token\u2019s market capitalization then endured a 90% drop.<\/p>\n

Disclaimer: Information gathered for this article was translated with the use of artificial intelligence.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Argentina\u2019s lower house of Congress has approved a series of measures aimed at probing the LIBRA cryptocurrency that rocked the country after being promoted by President Javier Milei earlier this year. In a special session called by the \u201cDemocracy Forever\u201d bloc, deputies passed three resolutions: the formation of an investigative commission, the summons of top […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-21237","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21237","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21237"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21237\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}