Ah, dear reader, take a moment amidst the swirling chaos of human folly, for Argentina’s Chamber of Deputies has deigned to open an inquiry into the infamous LIBRA meme coin scandal, and with it, the waves of scandalous laughter crash upon the shores of responsibility. The honorable lawmakers have resolved to form an investigative commission, calling upon high-ranking officials as if they were summoned to a court of metaphysical inquiry!
In a deluge of theatrical fervor, a formal demand has been issued for the detailed records from the executive branch – what a delightful charade this promises to be! The absurdity of governance unfolds like a poorly scripted drama as they magnetize the truth, or is it merely glittering ignorance?
⭕️ | URGENTE: Con 128 votos afirmativos, SE APROBÓ LA COMISIÓN INVESTIGADORA DE LA ESTAFA DE $LIBRA.
‼️ A partir de ahora, EL CONGRESO INVESTIGARÁ A JAVIER MILEI POR SU PARTICIPACIÓN EN LA CRIPTOESTAFA.
— Diagonales (@diagonalesweb) April 8, 2025
Among the summoned stars of this debacle, one finds Chief of Cabinet Guillermo Francos, Economy Minister Luis Caputo, the ever-judicious Justice Minister Mariano Cúneo Libarona, and the esteemed head of the National Securities Commission, Roberto Silva. Oh, how they must tremble under the weight of accountability!
Meanwhile, the crypto community on X remains a whirlwind of opinions, divided as ever, over the considerable question of whether the illustrious Milei should testify. The political theater is rich, textures woven with preposterous authority and a sharp edge of drama.
Deputy Pablo Juliano, an impassioned aficionado of the investigation, fervently declares, “We have a commitment to the truth.” Ah, the valor of those seeking enlightenment amidst the fog of misinformation!
Yet, on the opposing front, the noble Deputy Nicolás Mayoraz, his beliefs wrapped in the flag of Javier Milei’s party La Libertad Avanza, accuses Congress of wielding power more suited to a judiciary. “This politicization!” he exclaims, as only a deeply committed man could.
Ruling party boss Gabriel Bornoroni enters the fray with a flourish, pointing out that despite the tempest, the government maintained a fiscal surplus throughout 2024, while inflation, that familiar monster of human existence, is rumored to be retreating. He chastises his opposers for merely “putting on a show.” Ah, life, a splendid farce!
Libra Meme Coin Collapse
Let us reflect upon the LIBRA token controversy, gestating since February 14, the day President Milei triumphantly rallied to the cryptocurrency cause. Conceived by the elusive Kelsier Ventures of Delaware, this token promised to be the golden key to reviving Argentina’s faltering startup ecosystem. Who could resist such a gamble?
In mere moments following Milei’s proclamation, the token’s value soared from a minuscule $0.000001 to an astonishing $5.20, as if the very heavens conspired to elevate it! But oh, the tragic irony! The founders, holding 70% of the supply, executed their exit, casting the value downwards with a swift cruelty, plummeting to $0.99.
Desperate to cover their tracks, the president hastily banished his promotional posts into the void, claiming no involvement. But the damage, alas, was irrevocably wrought! An avalanche of over 100 fraud complaints cascaded in from opposition politicians, their cries echoing in the corridors of justice. International law firms began to gather, painting class action lawsuits in such vivid colors it might as well be a canvas of human misery.
Once bright with a valuation of $4.4 billion, the deceased LIBRA token’s fall has shaken the very foundations of meme coins, marking what one critic rightfully dubbed the “final nail in the coffin.” The market, beleaguered and weary, now breathes a sigh, having lost a staggering $26 billion in its lively folly, as platforms like Pump.fun witness their users deserting like ghosts, drifting from the wreckage.
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2025-04-09 18:39