Politics Economy Local 2025-11-18T01:44:12+00:00

Libra Crypto Investigation Commission to Present Final Report in the Chamber of Deputies

The Libra cryptocurrency investigation commission, established to probe the alleged scam involving President Milei, is concluding its work and preparing a final report with findings and recommendations. Despite government obstruction, the commission has gathered testimonies and documents to be presented to the Chamber of Deputies.


Libra Crypto Investigation Commission to Present Final Report in the Chamber of Deputies

The Libra cryptocurrency investigation commission, the first major scandal to erupt like a bomb under the government, is in its final hours as it will tomorrow present a detailed report in the Chamber of Deputies with the conclusions drawn over these months, which "will include considerations and recommendations arising from the process". This was announced last night by the commission's president, Maximiliano Ferraro, on his X social media account to publicize the event to be held this Tuesday at 4 p.m. in Room 1 of Annex A. "Last hours of intense work before presenting the report on Tuesday. Review, cross-checking, and analysis of every document, testimony, and information that was part of the Commission's work". The commission was created at the opposition's will to investigate the alleged scam in the promotion of the cryptocurrency $LIBRA, an operation that caused millionaire losses for thousands of users who were induced to acquire digital assets from a promotional post on their social networks by President Javier Milei. After the scandal, the Executive Branch and the ruling party in general denied the possibility of it being a scam, calling it a "memecoin", distanced themselves from the accusations, and sought to obstruct the commission's creation by arguing that it would hinder the Judiciary's work. Since its launch, the commission's work has gone through different stages: after a first moment of paralysis that lasted for months due to the impossibility of choosing authorities due to the systematic blockade by the ruling party, the deadlock was broken thanks to a project by Ferraro himself that managed to normalize its functioning. However, all the Executive Branch officials summoned by the opposition, including Karina Milei, ministers Luis Caputo, Mariano Cúneo Libarona, and Roberto Silva, refused to appear to give testimonies, which took some of the shine off the investigative commission. Only the then Chief of Staff, Guillermo Francos, showed up, denying all charges and insisting that "there was no coordination, intervention, or participation whatsoever from the National State, its organisms, its officials, or advisors in the projects linked" to "Viva La Libertad Project". "There was also no contractual relationship, economic benefit, consideration, commitment, agreement, or participation of any kind linked to the project," he indicated, although he left some open doors during his interrogation on April 30 in the Chamber of Deputies. Just as the government's lack of willingness to provide testimonies to unravel what happened with Libra caused displeasure, the decision of Federal Judge Marcelo Martínez de Giorgio to deny the deputies access to the judicial file and also not authorize forcing Executive Branch officials to testify was also disappointing. According to what was learned by the Noticias Argentina Agency, the final report to be unveiled this Tuesday will be elevated to the Chamber of Deputies' hall before November 20, in accordance with the resolution project that gave origin to the investigative commission. The report is contained in a file divided into ten bodies that includes minutes, testimonies, exchange documents, transfer dates, technical reports, and opinions. The web of supposed influence peddling and fraud not only includes Milei but also his sister Karina Milei, and had unavoidable actors in the lobbyists and local intermediaries Mauricio Novelli and Manuel Terrones Godoy, who would have received money through exchanges from the cryptocurrency's creators. Among the latter, the name that was most repeated during the investigations is Hayden Davis, who transferred hundreds of thousands of dollars from his wallets on key dates that coincide with meetings that Novelli held at the Casa Rosada and in Quinta de Olivos, prior to a massive withdrawal of money at a bank branch. Some of the most revealing testimonies gathered by the commission were that of the affected businessman and complainant Martín Romeo, who recounted in detail how the "scam" was carried out in a few hours, and that of programmer Maximiliano Flirtman, who assured that Milei's tweet was orchestrated and scheduled in advance to deceive investors. Also spoke, among others, journalists Alejandro Bercovich and Irina Hauser; finance specialist lawyer Nicolás Pechersky, systems engineer Fernando Molina, and tech expert Santiago Siri. Buenos Aires, November 17 (NA) -- The Libra cryptocurrency investigation commission, the first major scandal to erupt like a bomb under the government, is in its final hours as it will tomorrow present a detailed report in the Chamber of Deputies with the conclusions drawn over these months, which "will include considerations and recommendations arising from the process". This was announced last night by the commission's president, Maximiliano Ferraro, on his X social media account to publicize the event to be held this Tuesday at 4 p.m. in Room 1 of Annex A. "Last hours of intense work before presenting the report on Tuesday. Review, cross-checking, and analysis of every document, testimony, and information that was part of the Commission's work".