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Argentina’s congressional committee investigating the LIBRA cryptocurrency will present its long-awaited final report today at 4pm local time (2pm EST), as movements of wallets worth millions of dollars emerged, sparking new scrutiny.
The timing and scale have raised pressing questions about political accountability, judicial oversight and the fate of funds tied to one of Argentina’s most controversial cryptocurrency investigations.
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The final report on Libra is issued amid new evidence and legal proceedings
Maxi Ferraro, president of LIBRA’s investigative committee, emphasized that the final report is the product of months of testimony, documentation, technical analysis and judicial coordination.
In Tuesday’s post, He declared Ferraro: “Look at this… on the same day we submitted the final report, after yesterday’s meeting with Taiano and after the report of the Office of the Attorney General. Added to this is the decision of the judge on 6/11 and the information revealed by the commission on 10/21, which in turn was confirmed in that judicial decision.”
Yesterday, Ferraro and the members of the commission met with the Prosecutor Carlos Taiano, presenting what he described as essential evidence.
According to Ferraro, the information provided Included Details that could be related to indirect payments to public officials related to one of the alleged cryptocurrency dens.
Ferraro stressed that the committee acted within its oversight mandate, Saying The report aims to identify any policy actions or omissions that “allowed, facilitated or failed to prevent the development of this problem”.
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$58 million in digital coins moved silently just before the report
As Congress prepares to release its results, analysts on the chain have detected a significant portfolio activity related to the LIBRA issue.
According to blockchain researcher Fernando Molina, two wallets are dormant.”Miley CATA“and”Libra: Team Wallet 1“They suddenly liquidated their positions in USDC, totaling more than $58 million, and exchanged the stablecoin for SOL.
These portfolios were inactive for nine months. SOL was later moved to another named address FKp1t.
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In one post, explain Molina: “The first explanation… is that they did it so that the money would not be frozen… This may be the last time we see this money visible.”
He also explained that US authorities have frozen and then unfrozen the funds after determining there was “no risk”, while Argentine prosecutors have repeatedly sought freezing orders since April.
Crucially, SOL cannot be frozen, unlike the USDC, a detail that fuels speculation about the timing and intentions behind the transfers, especially with the release of the committee’s report today.
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Political censorship meets the immutability of encryption technology
Ferraro confirmed what you do The mission of the Commission has never been symbolic.
“Political oversight is not an institutional form, but rather an indispensable obligation to preserve the integrity of the state… We will deliver a serious and convincing final report,” he said.
The Commission confirms that it has done more in a matter of months compared to the achievements of others in a much longer time, and considers today’s release a turning point for institutional accountability in Cryptocurrency Governance in Argentina.
The publication of the final report will set the stage for legal prosecution, possible political consequences, and increased scrutiny of wallets linked to Libra, which are now transferring funds beyond blocked orders.
With prosecutors actively investigating alleged indirect payments and chain analysts warning that recent transactions may be the last visible traces of the first money, today’s findings could reshape the next phase of Argentina’s ongoing campaign against cryptocurrencies.
