On April 9, 2025, the Chamber of Deputies of Argentina voted to establish a special congressional committee to investigate the controversial LIBRA memecoin project, which has been linked to President Javier Milei. The resolution passed with 128 votes in favor, 93 against, and seven abstentions.
This move comes after growing concerns over the potential involvement of top government officials in the creation and promotion of the LIBRA memecoin. The committee will have the authority to summon high-ranking officials and demand access to relevant records from public institutions. Key figures expected to testify include Economy Minister Luis Caputo, Justice Minister Mariano Cúneo Libarona, Chief of Staff Guillermo Francos, and Roberto Silva, the head of the National Securities Commission.
Calls for Transparency: Critics Demand Milei’s Involvement
Despite the broad powers granted to the committee, the decision to exclude President Javier Milei and his sister Karina Milei from the investigation has sparked criticism. Lawmaker Sabrina Selva strongly opposed this exclusion, arguing that both Milei and his sister should testify to clarify their roles in the controversial memecoin project.
“There are those who don’t want all officials to come and explain themselves to Congress,” Selva said. “Karina Milei, Javier Milei, and Manuel Adorni, whom we had also requested from our bloc, were excluded from the interpellation. We will insist that these officials come and explain themselves to the Investigative Committee.”
Lawmaker Gabriela Estevez’s Appeal for Transparency
Lawmaker Gabriela Estevez also voiced her concerns, emphasizing the need for full transparency about the project and the involvement of all relevant parties. “It is necessary for all Argentines to know how the fraud was planned and carried out, and the involvement of the President and each official,” Estevez stated, echoing the call for accountability in the matter.
The investigation centers around the LIBRA memecoin, which has raised questions regarding its legitimacy, the role of government officials, and potential fraud. Critics have argued that the project may have been misused for political or financial gain, potentially involving high-level figures within the Milei administration.
What’s Next for the LIBRA Memecoin Investigation?
The formation of this special committee signals a significant step toward addressing the growing concerns surrounding the LIBRA memecoin. As the investigation progresses, the committee’s findings could have far-reaching implications for Argentina’s political landscape, as well as for the public trust in the Milei administration.
While the committee’s investigation may help shed light on the extent of the involvement of top officials, the exclusion of key figures such as President Milei and his sister from the inquiry is likely to fuel further debates over transparency and accountability within the government.
The coming months will likely bring more developments as the committee works to uncover the full scope of the LIBRA memecoin controversy and the potential role of the Argentine leadership in its creation.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/argentina-approves-investigation-into-controversial-libra-memecoin/