Argentine Congress Publishes Report: Libra Scheme Not Isolated, Milei Should Be Probed For Misconduct

The congressional commission that investigated Libra issued its final report, which suggests President Milei should be investigated due to his promotion of the project. The investigation found that Milei had included his image to promote other currencies, like KIP, and reported facing difficulties.

Final Libra Report: Congress Concludes President Milei Should Be Investigated

The Facts

The Argentine Congressional Commission in charge of the Libra probe has issued its final report, detailing the facts and findings of its work during its three-month tenure. In the report, the group calls on Congress to determine whether the President of the Nation engaged in misconduct in the performance of his duties.

The report also determined that “La Libertad Avanza,” known as Libra, was not an isolated project and that President Milei had associated with KIP Protocol in December 2024, when he also promoted another cryptocurrency.

As part of its findings, the commission established that Milei met 16 times with Mauricio Novelli, Manuel Terrones Godoy, Hayden Davis, and Sergio Morales, who were involved in the launch of Libra.

All of these meetings were authorized and supervised by his sister, Karina Milei, considering that, at least, she allowed the use of government facilities to “carry out an act that is being investigated as an alleged fraud of international scope.”

Maximiliano Ferraro, president of the commission, highlighted that Milei posted the contract number of Libra on social media before it was public, stating that without his promotion, the project would not have reached the level of participation registered.

Read more: Argentine Libra Congressional Probe Advances With Milei in Its Sights: ‘Bribe’ Transactions Identified

Why It Is Relevant

While Milei denied having committed any wrongdoing linked to his promotion actions, the report raises questions about the true level of involvement of the Argentine leader, his sister, and their association with other Libra promoters.

The report might serve as support for the ongoing case, even when the lawmakers claimed they received no help from the prosecutor and the federal judge in charge of the case.

In the same way, no government official cited to appear before the commission assisted.

Looking Forward

The Libra document might open the doors to a deeper investigation in Congress and even result in more actions against Milei’s government, which is already marred with corruption allegations involving Karina Milei and the National Disability Agency.

FAQ

• What did the Argentine Congressional Commission’s final report conclude about President Milei?

The report calls on Congress to investigate possible misconduct by President Milei regarding his involvement with the cryptocurrency project Libra.

• What connections did the report reveal about Milei and Libra?

It found that Milei was associated with the KIP Protocol and held 16 meetings with key figures involved in launching Libra, all supervised by his sister, Karina Milei.

• What concerns did the commission raise about Milei’s actions?

Maximiliano Ferraro noted that Milei shared the contract number for Libra on social media before its public release, suggesting promotional actions that could indicate misconduct.

• What implications does the report have for Milei’s government?

The findings could lead to deeper congressional investigations and further actions against Milei’s administration, which is already facing allegations of corruption involving his sister.