The case $Libra He broke out in February 2025, when Karina Milei – general secretary of the president’s presidency and sister – publicly promoted the cryptocurrency. The price shot and shortly after the founders, who controlled 70 % of the current, sold massively, causing a collapse of 85 % in their value and leaving thousands of savers in ruin. The maneuver was denounced as a «pump and dump» and resulted in judicial causes by bribery, influence peddling and violation of the Public Ethics Law.
To that controversy was added the filtration of audios that involved the former head of the National Disability Agency, Diego Spagnuolo, describing a bribes scheme in which he mentioned Karina Milei. Then new recordings made in Casa Rosada were known, where he was heard in dialogue with his team. Although the content was lower, the fact of having been registered within its office generated a political storm.
The government reacted denouncing an «illegal intelligence operation» and promoted a judicial offensive to stop the dissemination of recordings. A federal judge issued a precautionary measure that prohibited publishing them, even without having accessed all the audios, which opened a strong debate about prior censorship. At the same time, the Ministry of Security requested the search of Carnaval Stream and of the homes of journalists Jorge Rial y Mauro Federicowho had spread the material. The measure was repudiated by opposition legislators and press agencies who considered it a serious decline for freedom of expression.
In this context, the Investigative Commission for the $ Libra case In deputies he asked to quote Karina Milei and the Minister of the Interior, Guillermo Francos, to give explanations. It was noted that, if not presenting, they could be taken by the public force by means of a court order. During the meeting of the Commission of Freedom of Expression, Jorge Rial strongly questioned the executive’s actions and launched: «Is the government to take all freedoms?.
The crisis deepens the Congress, where the opposition seeks to frame the ruling within the constitutional limits. In the words of one of the deputies present, «The National Constitution is cryptonite for this government».
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