Argentina, the lower room of the congress, approved a series of measures aimed at probe the cryptocurrency of the balance that rocked the country after being promoted by President Javier Milei earlier this year.
In a special session called by the block “Democracy Forever”, the deputies adopted three resolutions: the formation of a commission of inquiry, the summons of senior government officials and an official request for information in the executive power.
Among the summons are the chief of the cabinet Guillermo Français, the Minister of the Economy Luis Caputo, the Minister of Justice Mariano Cúneo Lebarona and the head of the National Securities Commission, Roberto Silva, according to the official liberation of the Chamber of Deputies in Argentina. The resolutions passed with a comfortable majority but faced a strong opposition, revealing a split between the lines of the parties.
“The time has come for Congress to give damage to Argentina: we have a commitment to the truth,” said deputy Pablo Juliano, one of the donors of the initiative. Others, such as deputy Nicolás Mayoraz of the leader La Libertad Avanza (LLA), have pushed back, accusing the legislators of assuming “powers which belong only to the judiciary” and of politicizing the question.
From the civic coalition, the deputy Maximiliano Ferraro said that the company “had the right to know the truth” and that the duty of the congress was “to demand and investigate it”. The leader of the Bloc of the ruling party, Gabriel Bornoroni, at the end of the debate, suggested that the opposition legislators “proposed a show”.
“I think it bothers them that we had a tax surplus throughout 2024 and that we will have one this year too – and that inflation continues to fall every month,” said Bornoroni. The fiasco of the Memecoin balance, according to research, destroyed more than $ 250 million in wealth of investors.
The price of the token jumped shortly after being launched in early February after Milei promoted the project on X, saying that it “would focus on encouraging the growth of the Argentinian economy, funding small businesses and Argentinian companies”.
The promotion of Milei saw various cryptographic addresses moving, allowing initiates to unload massive quantities of tokens on these investors to the point that the market capitalization of the token then underwent a 90%drop.
Warning: The information collected for this article has been translated with the use of artificial intelligence.
