Argentina's Investigative Commission on the $Libra cryptocurrency approved its final report in the Chamber of Deputies, accusing President Javier Milei of misconduct for promoting an alleged scam scheme. Signed by 14 of 28 deputies, the document denounces government non-cooperation and judicial obstructions. It recommends Congress evaluate ethical violations and pursue institutional reforms.
On Tuesday, November 18, 2025, the Investigative Commission on the $Libra Cryptocurrency presented its final report in Room 1 of the Chamber of Deputies' Annex A. The document, drafted by deputies including Juan Marino, Oscar Agost Carreño, Sabrina Selva, Fernando Carbajal, Mónica Frade, and Maximiliano Ferraro, with contributions from Itaí Hagman and Julia Strada, describes an alleged scam with direct responsibility for President Javier Milei.
The report links $Libra to prior patterns in KIP Protocol (December 2024), Vulcano, and CoinX, involving Mauricio Novelli, Manuel Terrones Godoy, and Milei in promotions. During Guillermo Francos's interpellation on April 30, he admitted no technical or legal consultations occurred before the presidential tweet promoting the token. Ferraro stated: “The President would have promoted a private venture. He used his investiture for private benefits”.
It accuses breaches of duty by officials such as Alejandro Melik, Florencia Zicavo, Mariano Cúneo Libarona, Paulo Starc, and Roberto Silva, who failed to appear. Marino called the operation “a planned scam”, with 80% of wallets losing money and only a minority gaining millions. Figures show 114,410 affected wallets and 1,329 Argentines involved, following a 'rug-pull' pattern after the presidential boost.
The text denounces obstructions by Judge Marcelo Martínez de Giorgi and Prosecutor Eduardo Taiano, calling for impeachment proceedings against them. Recently, Ferraro and others delivered documentation to Prosecutor's Office No. 3 on possible payments to officials. In the U.S., Judge Jennifer Rochon noted that $57.5 million in frozen funds might belong to Milei, Karina Milei, or Hayden Davis.
Conclusions recommend assessing presidential misconduct, ethical reforms, crypto regulation, and creating a Congressional Investigations Office. The official bloc, via Nicolás Mayoraz, dismissed the report as an “opposition delusion”, citing insufficient 15 signatures, though the opposition views it as a non-binding report.