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4h ago

Argentina Prepares for First Government Interpelation in 30 Years Over $Libra Scandal

Opposition-led effort to question key officials on cryptocurrency controversy will test updated parliamentary procedures in a multiparty Congress.

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El jefe de Gabinete, Guillermo Francos, en la Cámara de Diputados.

Overview

  • The Chamber of Deputies will interpellate Chief of Cabinet Guillermo Francos and Justice Minister Mariano Cúneo Libarona tomorrow at 2:00 PM regarding the $Libra cryptocurrency scandal.
  • This marks the first use of interpelation in Argentina's Congress since 1995, reflecting renewed emphasis on governmental accountability.
  • Opposition blocs are pushing to modernize procedural rules to reflect the multiparty structure, including shared questioning time and sequential questions.
  • The $Libra scandal began in February when President Milei promoted the cryptocurrency on social media, causing a price spike and crash that harmed thousands of investors.
  • A parliamentary commission to deepen the investigation into $Libra will hold its first meeting this Wednesday, with disputes over its leadership already emerging.