Cryptocurrency Scandal Shakes Argentina

Florencio Randazzo and other opposition figures demand clarifications regarding the promotion of a cryptocurrency by President Javier Milei, following accusations of a million-dollar scam.


Cryptocurrency Scandal Shakes Argentina

The controversy surrounding the cryptocurrency Libra and President Javier Milei's involvement in its promotion has generated diverse reactions in Congress and Argentine society. While some legislators advocate for political trial, others propose an investigative commission to clarify what happened.

Deputy Florencio Randazzo emphasized the importance of explaining the situation with the cryptocurrency to society and Congress, contradicting those who have already called for the political trial. In this regard, he pointed out that legislators lack jurisdiction to evaluate the performance of functions.

For his part, Pablo Juliano, president of the dissident radical bloc, stated that the proposal for political trial seems more like a strategy to gain political advantage. The PRO and the DPS also expressed their opposition to joining what they consider a political maneuver by Kirchnerism.

Various legislative forces, such as the UCR and Encuentro Federal, have demanded official clarifications about what happened with the cryptocurrency. The Left Front presented a project for the interpellation of the president with grounds pointing to suspicions of market manipulation and the use of insider information.

In Congress, different strategies are being discussed to address the situation, from political trial to the creation of an investigative commission. However, the removal of Milei requires a majority in the Senate that currently seems difficult to achieve.

Meanwhile, criminal complaints have started to be filed for possible crimes such as fraud and bribery related to the case. The Civic Coalition, among others, has filed a criminal complaint following the national and international repercussions of the scandal. In this context, it is expected that Congress and the Justice system will shed light on what happened with the cryptocurrency Libra and the president's involvement in its promotion.