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Argentina’s Cabinet Chief Prepares for Congressional Grilling Over Libra Cryptocurrency Scandal

Guillermo Francos is set to face Congress on April 29, aiming to distance President Milei and his sister from the controversial crypto project while avoiding detailed disclosures.

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Casa Rosada
Guillermo Francos y Santiago Caputo
Foto Federico Lopez Claro
Germán Martínez y Sabrina Selva, de Unión por la Patria; Nicolás Massot y Emilio Monzó, de Encuentro Federal; Juan Manuel López, de la Coalición Cívica; y Carla Carrizo, de Democracia, en el recinto; son los bloques que impulsaron la interpelación de funcionarios de Milei

Overview

  • Guillermo Francos will appear before Congress on April 29 at 14:00 for Argentina's first-ever interpellation of a cabinet chief, addressing the Libra cryptocurrency controversy.
  • Francos plans to argue that the Libra initiative was solely the responsibility of its creators, emphasizing that neither President Javier Milei nor his sister Karina Milei were involved in its formation.
  • The government has prepared a legal defense, led by María Ibarzabal, to assert that no administrative wrongdoing occurred and to shield the President from culpability.
  • Francos will acknowledge contacts between Milei’s inner circle and the entrepreneurs behind Libra but will maintain that the President merely promoted the project on social media.
  • The administration continues efforts to block Prosecutor Eduardo Taiano’s investigation into Libra, including a request to lift fiscal secrecy for President Milei and his secretary, pending judicial approval.