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Dadparvar
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Argentina’s political opposition on Saturday called for Javier Milei to face an impeachment trial in the Chamber of Deputies following the recommendation of the President for a cryptocurrency which crashed later.
In a post on X, Milei had recommended a crypto coin named $LIBRA, which plummeted just a few hours later, forcing the president to delete the tweet and raising concerns of a “rug pull,” which is when developers abandon a legitimate project after assets’ values rise and leave investors and participants with tokens that have no value.
Esteban Paulón, a member of the Chamber of Deputies of Argentina, and two other lawmakers submitted a written request to the Chamber alleging that Milei has “displayed poor performance and potential crimes committed in the exercise of his duties,” citing Article 53 of the Constitution. Paulon noted that Milei cannot investigate himself and thus must come in front of the lawmakers.
Article 53 of the Constitution of Argentina notes that the Chamber of Deputies has the right to bring charges against the president in cases of “alleged poor performance, committing an offense in carrying out their duties, or for common crimes.” According to the article, two-thirds of the members must agree in order to bring charges against such high-ranking officials.
The President’s Office issued a statement saying that Milei was not involved in developing the cryptocurrency, and he deleted the post only to avoid speculation and avoid further attention.
The statement added that President Milei decided to involve the Anti-Corruption Office and to create a Research Task Unit to determine whether other government officials were involved in misconduct and to investigate the financial activities of $LIBRA.
The post Argentina president faces impeachment calls following cryptocurrency debacle appeared first on JURIST - News.
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In a post on X, Milei had recommended a crypto coin named $LIBRA, which plummeted just a few hours later, forcing the president to delete the tweet and raising concerns of a “rug pull,” which is when developers abandon a legitimate project after assets’ values rise and leave investors and participants with tokens that have no value.
Esteban Paulón, a member of the Chamber of Deputies of Argentina, and two other lawmakers submitted a written request to the Chamber alleging that Milei has “displayed poor performance and potential crimes committed in the exercise of his duties,” citing Article 53 of the Constitution. Paulon noted that Milei cannot investigate himself and thus must come in front of the lawmakers.
Article 53 of the Constitution of Argentina notes that the Chamber of Deputies has the right to bring charges against the president in cases of “alleged poor performance, committing an offense in carrying out their duties, or for common crimes.” According to the article, two-thirds of the members must agree in order to bring charges against such high-ranking officials.
The President’s Office issued a statement saying that Milei was not involved in developing the cryptocurrency, and he deleted the post only to avoid speculation and avoid further attention.
The statement added that President Milei decided to involve the Anti-Corruption Office and to create a Research Task Unit to determine whether other government officials were involved in misconduct and to investigate the financial activities of $LIBRA.
The post Argentina president faces impeachment calls following cryptocurrency debacle appeared first on JURIST - News.
Continue reading...
Note: We don't have any responsibilities about this news. Its been posted here by Feed Reader and we had no controls and checking on it. And because News posted here will be deleted automatically after 21 days, threads are closed so that no one spend time to post and discuss here. You can always check the source and discuss in their site.