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A group of Argentine lawmakers is preparing to take action to accelerate the Libra probe after new data linking President Milei to some individuals behind the token launch was recently made public.
The congressional commission that investigated the Libra event is reportedly launching two complaints against Eduardo Taiano, the prosecutor in charge of the case, for not acting expeditiously, even though he had several key elements to advance the investigation.
The first complaint accuses Taiano of hindering the Congress’s work, as he rejected a request seeking to force government officials to clarify their links to the token and did not allow the commission to access the case files that had recently been made public.
Another complaint alleges that Taiano was covering up evidence to protect President Milei, his sister Karian Milei, and other individuals linked to the presidential group.
Maximiliano Ferraro, former president of this commission, directly referred to Milei as a part of the Libra launch, highlighting that the Argentine president was the “protagonist and necessary participant” of a “multi-million-dollar act of corruption and of the misappropriation of the presidential office”.
Ferraro also called to request that Milei, his sister Karina, former Chief of Staff of Advisors to the President of the Nation Demian Reidel, and Milei’s advisor Santiago Caputo, disclose their communications with Mauricio Novelli on Libra’s launch day.
In addition, they will also promote a possible interpellation of Manuel Adorni, Chief of the Cabinet of Ministers, and Secretary Karina Milei.
All indicates that the case is facing a breaking point, and that Taiano is at the center of it.
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Decentralized finance protocol Aave filed an emergency motion on May 4 to vacate a restraining notice that froze approximately $71 million in recovered Ethereum intended for victims of a recent security exploit. The legal action follows a May 1 restraining notice served on Arbitrum DAO, which stalled the distribution of funds recovered after an April 18 exploit.
According to a statement by Aave on social media, the frozen assets belong to users victimized in the breach.
“A thief does not gain lawful ownership of stolen property simply by taking it, and the law is clear on this,” Aave stated. “Those assets were recovered to be returned to users victimized in the April 18, 2026, exploit. Freezing them harms the very people this recovery effort is designed to protect.”
Aave requested an expedited hearing and a temporary vacatur from the court to resume the restitution process. The company is reportedly working with the Arbitrum community and DeFi United to ensure affected users are made whole.
The April 18 exploit resulted in the loss of millions in digital assets, prompting an industrywide recovery effort. While the funds were successfully intercepted, the current legal gridlock threatens to delay the return of capital to thousands of decentralized finance participants.
Following the court’s granting of the freeze order, online sleuth ZachXBT accused U.S. law firm Gerstein Harrow LLP of filing a fraudulent claim. He alleged the law firm uses this tactic each time there is a new Lazarus Group victim after an exploit and crypto assets are frozen.
In its motion, Aave said that if the court does not immediately vacate the restraining notice, it should schedule an expedited briefing and hearing for Aave’s emergency application. Additionally, Aave is asking the court to require the plaintiffs to immediately post a cash bond of at least $300 million as a condition for maintaining the restraining notice.
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The U.S. Court of International Trade ruled on May 28 that Trump exceeded his authority by using the International Emergency Economic Powers Act (IEEPA) to impose the tariffs. The court held that IEEPA, typically used for sanctions, does not authorize tariffs and that such power resides solely with Congress.
The Trump administration filed its appeal to the U.S. Court of Appeals for the Federal Circuit immediately after the decision. White House spokesperson Kush Desai asserted, “It is not for unelected judges to decide how to properly address a national emergency.” Deputy Chief of Staff Stephen Miller denounced the ruling on social media as a “judicial coup,” reflecting the administration’s stance that courts cannot limit presidential emergency actions.
Trump announced the tariffs on April 2, declaring the U.S. trade deficit an “unusual and extraordinary threat” justifying a national emergency. The policy imposed a universal 10% baseline tariff on most imports, plus additional “reciprocal” tariffs ranging from 11% to 50% on approximately 60 targeted nations.
The ruling resulted from lawsuits filed by small businesses, including Oregon-based wine importer V.O.S. Selections, and a coalition of states led by Oregon. They argued the trade deficit did not meet IEEPA’s emergency threshold and that the tariffs unconstitutionally bypassed Congress.
Economists and business groups warned the tariffs would raise consumer prices. JPMorgan Chase CEO Jamie Dimon noted they would contribute to inflationary pressures. Importers faced immediate cost increases, with China facing massive rate hikes, creating market uncertainty and supply chain reassessments. Equities, crypto assets, and precious metal markets have all reacted to Trump’s tariff ideas.
The appeal is now pending before the Federal Circuit. Legal experts anticipate the case may ultimately reach the Supreme Court, given its significant constitutional questions regarding executive power in trade policy. Existing tariffs under separate authority remain unaffected.
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