Politics Economy Local 2026-03-15T13:36:18+00:00

Argentina's Political Crisis: $LIBRA Case Threatens President's Administration

The $LIBRA case in Argentina has escalated from a crypto-industry scandal into a major political crisis. An investigation linking top government officials to powerful businessmen now threatens the president's reputation. New evidence from intercepted messages suggests potential financial misconduct and cover-up attempts.


Argentina's Political Crisis: $LIBRA Case Threatens President's Administration

The political crisis surrounding the $LIBRA case now extends far beyond the final outcome of the investigation. It centers on the close ties between private businesses, privileged operators, and the highest levels of the Executive Branch. Thus, the $LIBRA case has evolved from an awkward episode in the crypto world into a full-blown institutional crisis. Sources cited by the press indicated that the prosecution is analyzing the extensive expert material and does not rule out new charges, while the CIPCE presented an amicus curiae brief calling for deeper measures, including a presidential inquiry. The content of Novellini's phone raises questions about what was promised, who was supposed to be paid, who wrote the drafts, and how far the presidential circle's knowledge of a maneuver that ended under judicial suspicion extended. This sequence of events weakens the notion of a peripheral or casual relationship between the President and the operator who acted as a bridge to Hayden Davis. In parallel, the judicial case continued to grow. The discovery does not in itself prove the execution of these payments, but it adds a sensitive piece to a case that already investigates potential incompatible negotiations, influence peddling, and maneuvers surrounding the launch of the digital asset. To this element was added another even more delicate one politically: a note in Spanish, dated February 16, 2025, in which a message is outlined to distance the President from any economic benefit and order a defensive narrative. In an administration that made the battle against 'the caste' a foundational banner, the mere existence of papers speaking of millions, consultations, paid tweets, and reserved contacts with the power elite constitutes a severe political blow, even before the Justice system defines criminal responsibilities. The material, incorporated into the case led by Prosecutor Eduardo Taiano and Judge Marcelo Martínez de Giorgi, describes a scheme of three payments and adds to another note found on the same device: a draft message that would have been intended to contain the scandal once it had already erupted. According to the reconstruction published in recent hours by various media based on the expert's findings, the note in English was drafted on February 11, 2025, that is, three days before the launch of $LIBRA. For investigators and observers of the case, this draft reinforces the suspicion that, once the controversy erupted, there were coordinated attempts to set a public version from the environment that orbited between the crypto business and political power. Novellino's phone not only provided notes; it also left a trail of communications that is now explosive. The text mentions staggered payments, part in tokens and part in cash, and links one of these tranches to a potential public announcement by Milei on social networks, in addition to another linked to a consulting contract on blockchain and artificial intelligence. Meanwhile, from the Government, the public posture was to lower the tone and maintain that Milei had participated in the token operation. Several media outlets agree that there were exchanges in the run-up to the launch and new communications when the scandal was already dominating networks and official offices. Expertise attributed to DATIP detected calls and contacts with Javier Milei, Karina Milei, and later with Santiago Caputo before and after the presidential post that boosted the visibility of $LIBRA. The $LIBRA case file once again struck at the heart of the Casa Rosada with the emergence of a document extracted from the phone of lobbyist Mauricio Novellini, which, according to the recovered content, mentions a supposed economic agreement of $5 million in exchange for Javier Milei's support for the token launch. The recovered text begins with a revealing phrase about the urgency of damage control and develops the idea of supporting the project without admitting a direct financial interest. It refers to a 'final agreement' discussed with 'H,' a reference that judicial sources link to businessman Hayden Davis, identified as the central promoter of the project. Buenos Aires - March 15, 2026 - Total News Agency - TNA -.

Latest news

See all news