At the beginning of April, both Javier Mailey’s opposition to the government and the most moderate bloc were able to gather votes to advance in the creation of an investigation committee for the Libra cryptocurrency scandal, as well as cited several officials of enforcement.
The Congress summoned Minister of Economy, Louis Caputo. To the Minister of Justice, Mariano Cuneo Livarona. And to Minister Chief Guillermo Francos. However, a few hours before the session, the government confirmed that Francos was the only one in attendance. Francos claimed that he would justify the absence of other ministers who claimed “has no particular connection to the issue” and respond in writing.
The session began with an exhibition of representatives from five blocks: Popular Unions, Federal Conference, Civic Union, Left Front, and Democracy Eternal Exhibition. Francos already explained the appeal at Prelude “Political Show” – In the pre-election climate hints that he lived in Argentina in the face of October legislation, and that “all explanations the president gave him” showed that he presented his argument before he began answering questions from different political spaces. It should be noted that this session was scheduled last week but was suspended due to a national duel for Pope Francis’ death.
Fair quorum – 129 presence, 128 absent – session began at 14:22 (Argentine time), Ministers of Caputo and Kuneo Libarona are in the midst of frustration of several agents due to their confirmed absence. One of them was the eternal Fernando Carvajal of the democratic bloc, recalling that the obligation to emerge was established in the national constitution, and that violations constituted a serious lack of ethics. “The Congress cannot ignore the two ministers without even attempting to justify.
On his side, left-front aide Nicolas del Caño repeated his usual position in the parliamentary session on the Libra case. «From the left front, he held from the start that the president had to come to Congress to face. What should I hide? What are the fears that will prevent you from explaining multi-million dollar fraud like Libra? ” he asked.
On the same line, Carvajal represented Pedro German Martinez, deputy director of the Union at Latoria. Martinez said, “I don’t want two ministers to decide not to attend like the president of CNV, and not to realize that the vice-chairman is silent about it as a power of the nation. That’s very serious.
Francos came out in the defense of Javier Mairei
Finally, at about 3:45pm, Guillermo Francos expressed discomfort at having to wait two hours to enter the room and enter the enclosure, explaining that, according to Article 71 of the Constitution, the pastor is not obligated to attend when summoned to Congress. He later said that the issues related to the Libra’s cryptographic actions were not related to government actions. «It’s important to clarify that. The president did not maintain contact with the living projects of La Libertad or Libra.. Beyond what is already explained in the February 17 interview reviewed by Cryptootics, there is no link between the president and those ventures.
As the state has not been interfered with this project (LIBRA), many of the details discussed here are unknown to the enforcement power itself. This type of discussion distracts attention from issues that really affect everyday life in Argentina… Libra was private and was the entrepreneurial spirit between the trial and all information sent to the prosecutor’s office.
Guillermo Francos and Head of the Government of Javier Mairi.
Therefore, the Chief of Staff explained it. Murray met Mauricio Novelli in 2020he began a relationship of both personal and professional friendships. At the time, Novelli was teaching classes at the NW Finance Academy Traders. According to Francos, «Novelli, along with Manuel Terron Godoy, joined the organization of a Technology Forum event in Argentina. In that context, the president contacted Hayden Davis, Julian Peh and others to tell him he wanted to use cryptocurrency-linked technology to encourage investment in the country.
It should be noted that Mauricio Novelli, Terron Godoy, Julian Peh and Hayden Davis were criminally accused in the United States by Pennsylvania-based Moyano and related research. The complaint claims that Thousands of citizens, both Argentine and foreign, would have been victims of fraud planned by these individuals..
After clarifying that no civil servants directly participated in the creation of the controversial tokens, the Cabinet head spoke about the progress in the country’s cryptocurrency market and the possibility of creating their own cryptocurrency. In that sense, he said: «CNV issued General Resolution 1058/2025. Force virtual asset service providers to register all operations and its customer data». Regarding the possibility of developing cryptocurrencies across the country, Francos said the government had no information on it.
Unanswered questions in Congress
During the intervention, Patria Grande Front Detai Hagman asked the Minister’s chief about the origins of the Libra contract code, including President Mairi in the controversial tweet. Hagman specifically questioned who provided the code to the President, emphasizing that this is a catalyst for appreciating the project so highly. Francos simply said that Mairay had spread the information “because it was public.”. On behalf of Mylay, when asked if he could promise to reveal where his contract number was published next week, he replied, “I can’t commit.”
But Hagman couldn’t settle for the answer… he asked about the research the government had done to support Libra as Franks said the president would meet up personally and evaluate interesting suggestions. The formula escaped the nature of the question He then argued that the tweet only reflects Miley’s personal interest in promoting ventures without state intervention, and stressed that because of Argentina’s international appeal, he would normally receive investors interested in the economy and the upcoming election.
On his part, deputy director of his hometown union Juan Marino said that sincerity does not exempt the possibility of a crime if who acts is the head of state. In that sense, he questioned Guillermo Francos whether the president thought it was suitable for publishing and maintaining advertising for private projects for hours. The Cabinet Director just answered that. As Milei behaved this way, this initiative seemed interesting to support entrepreneurs who are usually struggling to acquire fundraising..
The session climbed to intensity when Marino questioned Franks about the government’s support for his high-tech forum and Mauricio Novelli’s visit to Casa Rozada, suggesting a suspicious link with the executives. Marino explained these connections to the Cabinet Prime Minister, suggesting irregularities. The dull Frank refused the proposal. «You are based solely on reporters’ speculation. If there is concrete evidence, present them justly. I can’t answer the rumors ».
Among other interventions, Francos revealed that his only experience with cryptocurrency is having a quarter (1/4) who lost, forgetting where he saved it. Furthermore, prior to the question by Nicolas Massaud, the Cabinet Head was cautious about the federal conference’s block on whether the Libra case is believed to constitute a fraud. «I cannot pronounce an issue based on a judicial investigation. You have to wait for justice to not know if there was a fraud or not And who was responsible? That’s not the subject of my competition».
Some of Francos’ responses during the intervention proved ignorance about the details of the Libra case. It has deepened the uncertainty about the scandal, far from articulating doubts raised by the agent. The voltage level has increased in the camera.
I reiterate that his argument was something between private and answers to the contract code that many thought was questionable, and failed to dispel the concerns of many officials. This useful vacuum provides questions about the possibility of immutable links that undermine executive reliability in the context of accusations of billionaires fraud.
