**Milei’s La Libertad Avanza Party Wins Big in Argentina’s 2025 Midterms Amid Ongoing LIBRA Crypto Scandal**
Argentine President Javier Milei’s party, La Libertad Avanza (LLA), secured a significant victory in the 2025 midterm legislative elections, capturing nearly 41% of the national vote. This impressive win bolsters Milei’s influence in Congress and strengthens his position to advance his reform agenda. However, the triumph comes amid an escalating LIBRA cryptocurrency scandal that continues to erode public trust and intensify legal scrutiny surrounding Milei and his associates.
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### Victory in the 2025 Midterms
La Libertad Avanza emerged as a dominant political force in Argentina’s 2025 midterm elections, making notable gains in key districts such as Buenos Aires, Mendoza, Córdoba, and Santa Fe. With approximately 41% of the vote, LLA surpassed the Peronist alliance, which garnered 31.6%.
Following the elections, LLA now holds 101 out of 257 seats in the Chamber of Deputies, a substantial increase that enhances Milei’s legislative leverage. This expanded control is expected to facilitate the passage of Milei’s ambitious reforms in tax policy, labor laws, and pensions.
Reflecting on the victory, Milei stated, “During the first two years, we avoided falling off the cliff. In the next two years, we will continue the reformist path to make Argentina great again.”
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### LIBRA Crypto Scandal Continues to Unfold
Despite his electoral success, Milei’s association with the LIBRA cryptocurrency project has sparked ongoing controversy. The scandal began when Milei publicly endorsed LIBRA, a meme coin that saw a rapid rise in market capitalization.
However, the coin’s value crashed after insiders sold off their holdings, causing significant losses for investors. Although Milei has since distanced himself from LIBRA and denied direct involvement in its operations, the fallout severely impacted his public approval.
A recent Zuban Córdoba survey indicates only 36% of Argentinians still support Milei, while 57.6% express distrust in his leadership. This sharp decline in confidence has led to both criminal and congressional investigations targeting Milei and his advisers.
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### Legal Scrutiny Intensifies
Legal repercussions surrounding the LIBRA scandal have intensified in recent months. In October, an Argentine prosecutor ordered forensic examinations of the phones belonging to President Milei and his close aides as part of an ongoing inquiry into their possible roles in the cryptocurrency project.
Additionally, U.S. legal sources suggest that Milei, along with his brother Karina Milei and promoter Hayden Mark Davis, likely control assets linked to LIBRA. This development has increased pressure on the president’s inner circle, with calls mounting for the detention of two aides implicated in the launch of the token.
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### Struggling to Maintain Credibility
While the 2025 midterm election results increased Milei’s political power, the LIBRA scandal poses a serious threat to his credibility. Accusations of insider trading and market manipulation continue to dominate media coverage, contributing to waning public trust.
Milei faces a delicate balancing act: managing the fallout from the LIBRA scandal while delivering on the reforms that secured his electoral success. Despite these challenges, he remains committed to pushing forward with his policy agenda.
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### Looking Ahead
The coming months will be critical for Milei’s administration as it grapples with legal investigations and public skepticism. Restoring trust may prove essential not only for maintaining political momentum but also in shaping the trajectory of his government ahead of Argentina’s 2027 presidential election.
**Stay tuned for further updates on this developing story.**
https://coincentral.com/argentinas-milei-strengthens-political-power-amid-libra-scandal/
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