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Regulation

Paraguay Senate Rejects President’s Request to Delay Impeachment Defense

Paraguay’s Senate on March 6 rejected President Santiago Peña’s request to postpone his congressional defense by 72 hours and proceeded with impeachment proceedings as scheduled. Peña submitted his resignation on March 5 amid a crisis triggered by the seizure of Banco Weno, the country’s largest digital bank, but the resignation was not approved because Congress lacked a quorum. Lawmakers then launched impeachment proceedings, and Peña was due to appear before Congress on the morning of March 6 to defend himself.

Original source

AI take

The refusal to grant even a 72-hour delay signals that Paraguay's legislature is treating this as a legitimacy crisis, not a scheduling dispute — and the failed resignation vote due to quorum, rather than the impeachment itself, is the more telling detail. For RWA and digital-asset markets, the precedent matters more than the personalities: a bank seizure has escalated into a constitutional confrontation, leaving the regulatory authority behind the country's largest digital bank unresolved. Whether Congress completes the process with clear legal footing, or the standoff deepens, is the open question.

Generated by AI for reference only.

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