Argentina’s Javier Milei Celebrates 2025 Midterm Triumph as LIBRA Scandal Deepens

Argentine President Javier Milei's La Libertad Avanza (LLA) party achieved a significant victory in the 2025 mid-term legislative elections, securing nearly 41% of the national vote and increasing its seats in both chambers of Congress. This political triumph strengthens Milei's position to push forward his reform agenda for the remainder of his term.

However, this success is overshadowed by the deepening LIBRA cryptocurrency scandal. Milei had publicly backed the LIBRA meme coin, leading to a massive market cap surge before insiders sold, causing the value to crash and resulting in significant investor losses. Despite denying involvement, trust in Milei has declined, leading to criminal and congressional investigations. Recently, a prosecutor ordered a forensic search of Milei's and his advisors' phones, and a US judge suggested Milei, Karina Milei, and promoter Hayden Mark Davis likely control the associated assets, further tightening legal scrutiny on the president's inner circle.

(Source：BeInCrypto)