Milei’s party wins big in the midterms — but the crypto crowd’s popping the corks a little early
Despite Milei's party winning the midterms, crypto enthusiasts should temper expectations due to policy inconsistencies and regulatory setbacks.Summary
Javier Milei’s party, La Libertad Avanza (LLA), secured a significant victory in the 2025 Argentine midterm elections, consolidating his power for potential reforms. While Milei has often expressed pro-crypto sentiments, calling central banks a scam and praising Bitcoin, the crypto community should remain cautious. Milei's administration has already dropped crypto-friendly provisions from major legislation and introduced stricter AML/VASP registration obligations. Furthermore, the recent $LIBRA memecoin scandal damaged Milei's credibility within the crypto space, suggesting weak policy coordination. Although the mandate offers potential, economic pressures may overshadow ambitious crypto reforms, meaning the industry should wait for concrete policy alignment before celebrating.
(Source：Brave New Coin)