Milei’s Party Wins Argentine Midterms, Boosting 2027 Prospects Amid Libra Scandal

• La Libertad Avanza achieves 40.68% vote share: The party outperformed rivals in nearly 99% of counted votes, marking a significant shift from prior losses.

• Milei’s victory in Buenos Aires province: Historically a Peronist stronghold, this win strengthens his national influence.

• Boost for 2027 elections: With Peronists holding congressional majority, the results affirm Milei’s lead in future presidential polls, per data from local outlet La Nacion.

Discover how Javier Milei midterm election win bolsters crypto policies and free markets in Argentina. Explore implications for 2027 race and economic ties—stay informed on global crypto news today!

What does Javier Milei midterm election win mean for Argentina’s future?

Javier Milei midterm election win for his La Libertad Avanza party represents a pivotal moment in Argentine politics, securing 40.68% of votes in the midterms and reversing recent electoral setbacks. This triumph in key areas, including Buenos Aires province, underscores growing support for Milei’s libertarian agenda focused on deregulation and economic liberalization. As a result, Milei emerges as the leading candidate for the October 2027 presidential election, despite the opposition’s congressional majority.

Argentina’s La Libertad Avanza party, led by President Javier Milei, has won the midterm elections, positioning him as a frontrunner for the 2027 presidential race. The victory, based on nearly 99% of votes counted, highlights Milei’s resilience following a loss in the Buenos Aires provincial election in September. Local news outlet La Nacion reported the party’s strong performance, including a notable flip in Buenos Aires province, which has long been a bastion for the Peronist party.

This electoral success comes against a backdrop of economic maneuvers, such as Argentina’s $20 billion currency swap agreement with the United States. The deal, aimed at stabilizing the nation’s finances, has enhanced ties with a major international partner even as domestic challenges persist. As a former economist, Milei has prioritized initiatives to curb inflation, foster free markets, and minimize government intervention in the economy. His administration’s efforts to legalize cryptocurrency settlements, including contracts payable in Bitcoin and other digital assets since December 2023, align with these broader goals.

Milei’s crypto-friendly stance has positioned Argentina as an emerging hub for digital asset adoption in Latin America. By enabling businesses and individuals to use cryptocurrencies for transactions, his policies aim to attract investment and provide alternatives to the volatile local currency. However, this midterm victory occurs amid lingering controversies that have tested public perception of his leadership.

How has the Libra token scandal impacted Milei’s reputation?

The Libra (LIBRA) token scandal in February has cast a shadow over Milei’s cryptocurrency initiatives, despite official clearances. Launched by Kelsier Ventures CEO Hayden Davis, the LIBRA token experienced a dramatic surge to a $4.6 billion market capitalization after a social media post from Milei mentioning it. The token subsequently plummeted 94% in hours, leading to widespread accusations of insider trading and market manipulation from observers in the crypto community.

Milei publicly stated that he merely “spread the word” about the LIBRA token without endorsing or promoting it as an investment. Argentina’s corruption watchdog investigated the matter and ultimately cleared the president of any wrongdoing, citing insufficient evidence of impropriety. Experts in financial regulation, such as those cited in reports from local analysts, note that such incidents highlight the risks of high-profile figures engaging with volatile crypto markets. Data from blockchain analytics firms indicates similar pump-and-dump patterns have affected smaller tokens historically, but the involvement of a national leader amplified scrutiny.

Despite the clearance, the scandal has influenced public opinion. Polling data from Argentine platform Zuban Córdoba shows Milei’s approval rating declining from 47.3% in November to 41.6% by March, coinciding with the event’s fallout. More recent October figures from the same source reveal that 63.2% of respondents now hold a negative view of Milei—an increase of over 21 percentage points from March. Zuban Córdoba, known for its critical stance on far-right and libertarian policies, attributes this shift partly to the crypto controversy and broader economic pressures.

Financial experts emphasize the need for transparent regulations in Argentina’s growing crypto sector. As one economist from the University of Buenos Aires commented in a recent analysis, “Milei’s vision for crypto integration is promising, but scandals erode trust; robust oversight is essential to protect investors.” This perspective underscores the balance Milei must strike between innovation and accountability as his party gains political ground.

The midterm results suggest that while the Libra incident damaged Milei’s image among some demographics, his core supporters remain loyal. The win in Buenos Aires province, in particular, signals a rebound, potentially mitigating long-term reputational harm. With Peronists retaining a congressional majority, Milei’s administration will need to navigate legislative hurdles to advance its agenda, including further crypto deregulation.

Looking at broader implications, Argentina’s economic ties, such as the US currency swap, provide a stabilizing force. This agreement, valued at $20 billion, helps manage foreign reserves and inflation, which Milei has targeted aggressively since taking office. Inflation rates, which peaked at over 200% annually in prior years, have shown moderation under his policies, according to Central Bank of Argentina reports. These factors, combined with the electoral boost, could accelerate crypto adoption by signaling policy continuity.

Frequently Asked Questions

What was the vote share for Javier Milei’s La Libertad Avanza in the 2025 midterm elections?

La Libertad Avanza secured 40.68% of the votes based on nearly 99% of ballots counted, outperforming the Peronist party and winning key regions like Buenos Aires province, as reported by local outlet La Nacion.

How might Javier Milei midterm election win affect cryptocurrency policies in Argentina?

This victory strengthens Milei’s position to push crypto-friendly measures, building on the 2023 legalization of Bitcoin-settled contracts. It could lead to expanded adoption for everyday transactions, though regulatory safeguards remain crucial following past scandals.

Key Takeaways

• Electoral turnaround: La Libertad Avanza’s 40.68% win flips previous losses, especially in Buenos Aires, affirming Milei’s libertarian base.
• Crypto policy continuity: The result supports ongoing deregulation, including Bitcoin contracts, amid economic swaps like the $20 billion US deal.
• Reputation challenges: Despite Libra scandal clearance, polls show 63.2% negative views; focus on transparency could aid 2027 prospects.

Conclusion

Javier Milei midterm election win for La Libertad Avanza marks a resurgence in Argentine politics, with 40.68% vote share solidifying his frontrunner status for 2027 while navigating the Libra token scandal’s aftermath. As crypto policies gain traction through legalized Bitcoin settlements and free-market reforms, Argentina eyes stable economic growth via international ties. Investors and observers should monitor legislative developments for sustained digital asset integration and broader financial innovation.