Milei’s party wins midterms, but crypto won’t celebrate
Milei’s LLA made a good showing in the midterm elections, but that doesn’t necessarily spell victory for the crypto industry.
The party of Argentine President Javier Milei, La Libertad Avanza (LLA), has won the 2025 midterm elections handily. But the crypto industry doesn’t necessarily have cause for celebration.
Milei endeared himself to many in the crypto space with his pro-crypto rhetoric. He has called central banks “a scam” and said that Bitcoin (BTC) was “the natural reaction against the central bank scammers.”
The economist-turned-president has publicly stated that cryptocurrencies can address some of Argentina’s economic problems. He said, “There will be free competition of currencies, so if you want to use Bitcoin, there will be no problems.”