TREE NEWS update: 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.
Paraguay Senate Rejects President’s Request to Delay Impeachment Defense
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.
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