Argentine
The investigative committee on the Libra cryptocurrency is hours away from closing one of the most embarrassing chapters of this administration: a scandal that began as a “memecoin” joke and ended as a handbook on how to destroy institutional credibility with a presidential tweet. This Tuesday, the final report will be released — the one the Government did everything possible to avoid, dilute, or block depending on the day.
Maximiliano Ferraro, the committee’s president, announced on X that they were entering their “final hours of intense work.” In CAP language: they’re finishing assembling a puzzle where the missing pieces always belong to the Executive. The same Executive that first swore Libra was just libertarian humor and later insisted the real problem was the committee, not the scam.
It all began when thousands of users lost real money after a presidential post promoting a digital coin with no backing. For the Government, it was just a “memecoin”; for victims, it was Russian roulette with the Olivos Presidential Seal. When the opposition demanded answers, the ruling coalition reacted predictably: shutters down, total denial, and the excuse that investigating would “obstruct Justice.”
From the beginning, the committee was paralyzed for months due to the governing bloc blocking the appointment of authorities. When the gridlock was finally cleared, the parade of empty chairs began: Karina Milei, Caputo, Cúneo Libarona, Silva… all summoned, none present. Only Guillermo Francos showed up, insisting that the Government had no involvement whatsoever. A noble attempt, though his testimony left cracks visible from the moon.
Federal judge Martínez de Giorgi didn’t help either: he denied access to the judicial file and refused to authorize the forced appearance of absent officials. A perfect —though unintended— assist for the Government.
Even so, the committee managed to reconstruct a circuit of transfers, meetings, and digital wallets that paints a troubling picture. The ten-volume file points not only to Milei but also to his sister Karina and to lobbyists Mauricio Novelli and Manuel Terrones Godoy — key intermediaries who allegedly received funds from Libra’s creators.
At the center stands Hayden Davis, the programmer whose large transfers coincide precisely with visits to the Casa Rosada and Olivos. The timeline speaks louder than any testimony.
Two statements detonated the room: businessman Martín Romeo, who explained how the “scam” unfolded in a matter of hours, and programmer Maximiliano Flirtman, who said Milei’s promotional tweet had been preplanned and preprogrammed. Not a whim — a calculated move. Digital dynamite.
Journalists Alejandro Bercovich and Irina Hauser, along with expert witnesses like Nicolás Pechersky, Fernando Molina and Santiago Siri, completed a picture where improvisation and opacity were no longer possible to disguise.
On Tuesday, the Chamber of Deputies will receive the report. With it, an uncomfortable reminder: when politics plays with cryptocurrencies, the only thing that skyrockets is the scandal.
✍️ © 2025 John Debitman – All Rights Reserved
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