TLDR
- La Libertad Avanza secured 41% of national votes in Argentina’s 2025 midterm elections.
- Javier Milei’s party won in 16 districts and broke Peronist dominance in Buenos Aires.
- The ruling party now holds 101 seats out of 257 in the lower chamber.
- National voter turnout reached 68% during the midterm elections.
- Milei publicly endorsed LIBRA in February, causing its market cap to exceed $4 billion.
President Javier Milei’s party is expected to dominate Argentina‘s 2025 legislative elections, garnering overwhelming support across multiple provinces. La Libertad Avanza secured 41% of national votes and broke traditional political barriers. However, the ongoing LIBRA cryptocurrency controversy continues to shadow his administration’s achievements.
Javier Milei’s Party Achieves Historic Electoral Breakthrough
La Libertad Avanza captured victories in 16 districts during the recent midterm elections. Javier Milei’s movement defeated the Peronist alliance in Buenos Aires, a historic stronghold for decades. National voter participation reached 68%, and the results granted Milei expanded legislative power.
The ruling party now controls 101 seats among 257 deputies in the lower chamber. Meanwhile, Senate representation also grew, strengthening Milei’s position for upcoming reforms. Fuerza Patria finished second with 31.6%, while Provincias Unidas secured only 7.1% of the votes.
Javier Milei emphasized his administration’s achievements and outlined future priorities in his victory speech. “During the first two years, we avoided falling off the cliff,” he declared confidently. He pledged to pursue tax reforms, labor modifications, and pension system changes throughout his term.
LIBRA Cryptocurrency Scandal Threatens Presidential Credibility
The LIBRA meme coin controversy emerged in February when Javier Milei publicly endorsed the project. His social media presence triggered massive investor interest, and LIBRA’s market capitalization rapidly exceeded $4 billion. Yet insiders allegedly sold their holdings, causing the token’s value to collapse and devastating ordinary investors.
Milei distanced himself from LIBRA after the crash and denied involvement in the scheme. Nevertheless, criminal investigations and congressional inquiries began targeting the president and key promoters. A Zuban Córdoba poll revealed 57.6% of Argentinians lost confidence in Milei’s leadership abilities.
Argentine prosecutors ordered forensic examinations of mobile devices belonging to Milei and his advisors. The investigation aims to establish direct connections between government officials and LIBRA’s controversial launch. Additionally, US Judge Jennifer Rochon suggested Javier Milei, Karina Milei, and promoter Hayden Mark Davis control LIBRA-related assets.
Legal Pressure Intensifies Against Presidential Administration
A plaintiff has recently urged Argentine courts to detain two presidential aides linked to the launch of LIBRA. This development escalates legal scrutiny surrounding Javier Milei’s inner circle and cryptocurrency dealings. The request signals growing determination among victims seeking accountability and justice.
Milei faces simultaneous challenges from electoral success and mounting legal pressure regarding LIBRA allegations. His administration must strike a balance between implementing reform and meeting the demands for transparency from investigators and citizens. The coming months will determine whether the political momentum survives the consequences of the cryptocurrency scandal.
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