Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap: $3,023,785,719,038
24h Vol: $82,903,526,352
Cryptocurrencies: 13284
Markets: 101258
CoinInsight360.com logo CoinInsight360.com logo
ENG
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Moralis Money
$3,023,785,719,038
Market Cap
$82,903,526,352
24h Vol
13284
Cryptocurrencies
63.83%
Bitcoin Share
CoinDesk 2025-04-09 08:21:05

Argentina’s Congress Launches Probe Into LIBRA Fiasco

Argentina’s Congress Launches Probe Into LIBRA Fiasco

Argentina’s 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 “Democracy Forever” 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. Among those summoned are Chief of Cabinet Guillermo Francos, Economy Minister Luis Caputo, Justice Minister Mariano Cúneo Libarona and the head of the National Securities Commission, Roberto Silva, according to the official release from the Chamber of Deputies in Argentina. The resolutions passed with a comfortable majority but faced strong opposition, revealing a split across party lines. “The time has come for Congress to audit whether there is any harm to Argentina: we have a commitment to the truth,” said Deputy Pablo Juliano, one of the initiative’s backers. Others, like Deputy Nicolás Mayoraz of the ruling La Libertad Avanza (LLA), pushed back, accusing lawmakers of assuming “powers that belong solely to the Judiciary” and politicizing the issue. From the Civic Coalition, Deputy Maximiliano Ferraro said that society “has the right to know the truth” and that Congress’ duty was to “demand and investigate it.” Ruling party bloc leader Gabriel Bornoroni, at the close of the debate, suggested opposition lawmakers were “putting on a show.” “I think it bothers them that we had a fiscal surplus throughout 2024 and that we’ll have one this year too — and that inflation continues to fall every month,” Bornoroni said. The LIBRA memecoin fiasco, research shows, destroyed over $250 million in investor wealth. The token’s price surged shortly after being launched in early February after Milei promoted the project on X, saying it would “focus on encouraging the growth of the Argentine economy, funding small businesses, and Argentine ventures." Milei’s promotion saw various crypto addresses move in, allowing insiders to offload massive amounts of tokens on these investors to the point the token’s market capitalization then endured a 90% drop. Disclaimer: Information gathered for this article was translated with the use of artificial intelligence.

Most Read News

https://www.digistore24.com/redir/325658/ceobig/
$3,023,785,719,038
Market Cap
$82,903,526,352
24h Vol
63.83%
Bitcoin Share
0
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.