Argentine Court Orders Full Transparency on Javier Milei’s Crypto Holdings—Banking Secrecy Lifted

Argentina’s judiciary just dropped a bombshell—President Javier Milei’s financial records are now an open ledger. No more banking secrecy, no shadows left for crypto holdings.

Why this matters: When a libertarian president’s finances get subpoenaed, irony writes its own punchline. The move exposes how even the most vocal crypto advocates can’t escape traditional oversight.

Bonus jab: Guess regulators finally found a use case for blockchain—auditing politicians.

In brief

• Javier Milei and his sister are under judicial investigation for their alleged role in promoting and the crash of the crypto $LIBRA.
• Judge María Servini has lifted their banking secrecy to trace possible gains related to this speculative operation.
• Video evidence and absences at a hearing reinforce suspicions of an organized strategy and judicial avoidance.

Crypto: a presidential promotion with heavy consequences

On February 14, Javier Milei tweeted announcing the launch of a crypto project called $LIBRA. The asset immediately soared, boosted by presidential legitimacy and the announcement effect. But the euphoria was short-lived: within hours, the value of LIBRA collapsed, leaving hundreds of investors trapped. This mechanism, typical of “pump and dump“, relies on the artificial creation of a speculative bubble followed by a sharp withdrawal.

For a head of state, this type of intervention raises fundamental questions about the boundary between political communication and market manipulation in the crypto sector. The case thus reveals a new drift: the instrumentalization of social networks by those in power to influence financial flows.

Argentina: Judge Servini launches offensive against Javier Milei

In the face of the scale of the scandal, federal judge María Servini ordered the lifting of bank secrecy on the accounts of Javier and Karina Milei. This decision aims to trace financial movements made since 2023, within a strict judicial framework and under secrecy of the investigation. The goal is to assess whether the president’s close relatives benefited from the rise and fall of the crypto $LIBRA token.

The prosecutor’s office, led by Eduardo Taiano, suspects a deliberate organization mixing political interests and actors in the Argentine crypto ecosystem. The fact that Karina Milei personally met some project initiators strengthens the hypothesis of direct involvement.

Crypto fraud: a shady network and an organized escape?

At the heart of the affair are three figures from the Argentine Web3:

• Mauricio Novelli, founder of Tech Forum Argentina, central to the $LIBRA project;
• Sergio Morales, former advisor to the Securities Commission;
• Manuel Terrones Godoy, influencer already cited in other crypto scams.

Videos show Novelli’s mother and sister leaving a bank with large bags just after Milei’s post. These clues align with a possible organized “emptying” of the vaults, anticipating the fall of the crypto token. Furthermore, the absence of Milei and Karina at a judicial mediation, without even a lawyer, suggests an avoidance strategy that could backfire against them in civil courts.

A case with high political and judicial risk

The $LIBRA case goes beyond a simple scam: it directly engages the responsibility of a sitting president in manipulating the crypto market. If the accusations are confirmed, Javier Milei could face an unprecedented institutional storm in Argentina. Legally, the case combines fraud, conflicts of interest, and possible money laundering.

Politically, it undermines the credibility of a head of state who claims to champion transparency and disruption. Finally, internationally, this affair highlights the urgent need to regulate the use of cryptos promoted by public figures, like Elon Musk and Dogecoin, under the risk of seeing these large-scale fiascos multiply.

The $LIBRA case exposes a new deviation where political power and digital speculation dangerously intertwine. Argentine justice must now decide: recklessness or manipulation? This case poses a crucial question in the crypto era: can leaders still promote financial assets without being held accountable?

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