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For the Government of Argentina, the scandal over the $LIBRA case is a “finished topic”

The Argentine Chief of Staff, Guillermo Francos, said on Wednesday that the scandal over the ‘cryptophysi’ of President Javier Milei’s $LIBRA is a “finished issue” for the Government and that he doubts the international impact it may have on the Argentine economy.

“For us it is a topic that is finished. I think the investigations will say later where the mistake occurred or as a result of what and the Justice to investigate what it has to investigate. In political terms, it’s over for us,” Francos said in statements to Radio Rivadavia.

In addition, he said that “it is an episode that internationally will not have an impact” and anticipated that “everything will continue in the positive lanes that the Argentine economy had been following.”

The Chief of Staff described the episode, for which Milei spread on Friday the launch of a cryptocurrency that shortly after collapsed, as an “incident” and emphasized that the repercussions that the government expects are at the level of domestic politics, in Congress.

In parallel with the more than a hundred complaints filed before the Justice by affected investors, from the Union for the Fatherland (Peronism) party they confirmed to EFE that this Wednesday it will present in the Chamber of Deputies a request to form a special commission to investigate the participation of the president in the $LIBRA case, which could later lead to impeachment.

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Francos also referred today to the intervention of an advisor to Milei during an interview with the president on the TN television channel on Monday, which was initially edited but then spread on social networks, and commented that there was a “lack of criteria” of the presidential advisor Santiago Caputo when interrupting the dialogue while Milei talked about the possible judicial implications of the case.

“The President got angry with Santiago Caputo, because it seemed irresponsible to him that, without any prior agreement with the host of the program, he interrupted a stupidity. I think he must have learned a lesson, right? That no one is super powerful. All things have their limits and the president has marked it,” Francos said.

Since Friday, the Argentine Government has been experiencing one of its biggest political crises since the assumption of Milei in December 2023, after a publication by the president in support of the launch of the cryptocurrency $LIBRA, which according to him would finance startups and small businesses in Argentina.

The currency skyrocketed and inflated its price until the majority investors withdrew profits of 87.4 million dollars. This generated the collapse of his value and, before the first accusations of fraud, Milei deleted his publication.

The president said he had acted “in good faith”, emphasized that he spread the cryptocurrency, but did not promote it, and refused to take responsibility for the victims.

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MPV Denounces Electoral Blockade as Secretary-General is Disqualified for May Elections

The anti-Chavista party Movement for Venezuela (MPV) denounced on Monday that it was “prevented” from submitting its candidates for the regional and legislative elections on May 25, elections rejected by opposition leaders Edmundo González Urrutia and María Corina Machado.

“MPV, being an active and recognized party in the National Electoral Council (CNE), was prevented from submitting candidates for the current electoral process,” stated the political group through a communiqué on X.

Additionally, the group denounced that its Secretary-General, Simón Calzadilla, was “suddenly disqualified,” as the opposition leader warned last Friday. He also explained that he attempted to access the CNE’s automated candidate submission system but, as he added, the portal showed that he was not authorized to create a user and submit the MPV candidates.

For the party, its “strong decision” to participate in the May elections “highlighted the true nature of this electoral process,” which it described as “extremely flawed.”

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Maduro Plans Major Workers’ March on May 1st to Defend Venezuela’s Freedom

Nicolás Maduro, who swore in for a third term in January following his controversial re-election, called on Monday for the “working class” and the “armed people” to gather for a concentration on May 1st for peace, as part of the celebration of International Workers’ Day.

“Let’s have a powerful march of the working class, the combat bodies, and the Bolivarian National Militia in all the cities of the country, from end to end, working class and armed people in the streets shouting for peace,” said the chavista leader in a broadcast on the state channel Venezolana de Televisión (VTV), surrounded by military authorities.

He also stated that Venezuela is more armed than “ever” to “defend the sacred dream of a free homeland, the sacred soil of a heroic land, Venezuela.”

Maduro called on all military personnel to “stay in shape” with a “deployment capacity” and also to have “a very clear view of the entire national territory.”

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Venezuela accuses Guyana of “warlike intentions” after UK defense deal

Venezuelan Vice President Delcy Rodríguez denounced what she called “warlike intentions” from Guyana on Saturday (April 12, 2025), following the signing of a Memorandum of Understanding (MoU) between Guyana and the United Kingdom aimed at strengthening bilateral defense cooperation.

“Guyana threatens Venezuela with its founding fathers. The UK and the U.S. are the architects behind the territorial dispossession of our Guayana Esequiba. These are the same actors who forged a fraudulent arbitration award in 1899 to strip Venezuela of its land,” Rodríguez stated via Telegram.

Rodríguez, who also serves as Venezuela’s Minister of Hydrocarbons, warned the region about “these drums of war, in clear violation of the CELAC declaration that recognizes Latin America and the Caribbean as a zone of peace.”

“Venezuela will stand firm in defending its legitimate rights, sovereignty, and territorial integrity in all scenarios,” she added.

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