In the Argentine political arena, Javier Milei’s crypto-friendly crew, La Libertad Avanza, just dropped a midterm mic drop, snagging 40.68% of the vote.
Almost 99% of votes were counted when the dust settled, according to local news shark La Nacion.
Stay ahead in the crypto world – follow us on X for the latest updates, insights, and trends!🚀
Unlocking free markets
Just last month, Milei’s team flopped hard in Buenos Aires provincial elections, but now they’re back with a roar, riding the wave of Argentina’s recent $20 billion currency swap with the US.
Yes, amid domestic chaos, economic ties got a boost, which feels like a plot twist right out of a political thriller.
While the Peronists still grab the congressional majority, Milei’s momentum positions him as the man to watch when Argentines head to the polls in October 2027.
SI VIERAS QUÉ LINDA QUE ESTÁ LA ARGENTINA… pic.twitter.com/MvHhCfugxS
— La Libertad Avanza (@LLibertadAvanza) October 27, 2025
The former economist is all about unlocking free markets, smashing inflation, and telling government intervention to take a hike, a classic libertarian riff that’s turning heads.
The LIBRA scandal
Crypto fans note Milei’s push for innovation wasn’t just lip service. Back in December 2023, he helped legalize Bitcoin and other cryptocurrencies as legal tender for contracts in Argentina, injecting some blockchain spice into the nation’s economic stew.
Then came the cosmic smackdown of Milei’s crypto cred. The Libra token scandal. This was the kind of drama that even soap operas envy.
The LIBRA token, launched by Kelsier Ventures’ CEO Hayden Davis, ballooned to a $4.6 billion market cap after Milei posted an eyebrow-raising mention of it on X, only to crash 94% hours later.
Insider trading whispers and accusations of market manipulation instantly tenser than a tango showdown.
Suspicion
Milei claims he merely “spread the word,” not promoted the token, and Argentina’s corruption watchdog eventually gave him a clean bill of health.
Still, his image took a hit, dropping from 47.3% approval in November to 41.6% in March, per polling data from Argentine spotlight Zuban Córdoba.
By October, 63.2% of the locals see Milei with suspicion, a sharp climb fueled by his libertarian bluster and the shimmer of scandal.
So, as experts say, Javier Milei’s crypto-friendly brand is ready to shake up Argentina’s political stage.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
Cryptocurrency and Web3 expert, founder of Kriptoworld
LinkedIn | X (Twitter) | More articles
With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
📅 Published: October 29, 2025 • 🕓 Last updated: October 29, 2025
✉️ Contact: [email protected]
