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Francos defends Milei's involvement in $LIBRA cryptofiasco

  • On Tuesday, April 29, 2025, Argentine Cabinet Chief Guillermo Francos defended President Javier Milei before Congress in Buenos Aires against involvement in the $Libra cryptocurrency controversy.
  • Francos responded to allegations after opposition lawmakers highlighted Milei’s and his sister Karina’s meetings with $Libra creators and questioned the absence of Justice and Economy ministers from hearings.
  • Francos affirmed Milei had no connection to $Libra, described the project as legitimate to support small businesses, and accused Congress of seeking to create a media court by overstepping its authority.
  • He rejected allegations about payments to Karina Milei, urging that claims should not rely solely on media reports and insisting that any proof should be presented through legal channels, while highlighting the importance of respecting the separation of powers.
  • Francos’s defense and refusal to link Milei to $Libra suggest political tensions persist, while Justice and Economy ministers face rescheduled questioning on May 14.
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Ricardo Raul Benedetti broke the news in on Tuesday, April 29, 2025.
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