Congress Wakes Up After $280M Vanishes
Argentina’s lawmakers are finally stepping in after the $LIBRA meme token imploded and wiped out over $280 million from nearly 75,000 wallets. On April 8, the Chamber of Deputies voted to launch a full investigation into how this mess even happened—and who’s responsible for letting it.
Three Resolutions, Zero Excuses
Lawmakers approved three formal actions:
1. A special commission to investigate the LIBRA scandal
2. A summons for top government officials to testify
3. A demand for detailed reports from the executive branchIt’s the first major political move since the token—pushed as a patriotic meme coin—rugged its way into national headlines.
Big Names Getting Dragged In
The Congress wants answers from heavy hitters:
Chief of Staff – Guillermo Francos
Economy Minister – Luis Caputo
Justice Minister Mariano – Cúneo Libarona
Securities Commission – chief Roberto Silva
They’re expected to explain why government-linked voices were promoting a meme coin and what the actual oversight looked like. Spoiler: probably not much.
Ruling Party on the Defensive
While the government party, La Libertad Avanza, tried to downplay the scandal, the vote passed with strong bipartisan support. It’s now a full-blown political issue—especially with opposition leaders calling the whole thing “state-sponsored fraud.
Final Take
The $LIBRA collapse isn’t just another meme coin rug. It’s a political firestorm, and now Argentina’s Congress is officially in the trenches. If you lost money or watched this unfold on CT, stay tuned—this is just the first round.
