Javier Milei’s Midterm Victory Stalled by $LIBRA Cryptocurrency Scandal

Argentine President Javier Milei’s recent midterm election triumph is overshadowed by a deepening cryptocurrency scandal involving the $LIBRA project. The rapid decline of $LIBRA, which saw investors lose millions of dollars following Milei’s promotion of it on his social media accounts, has sparked legal investigations and cast a shadow over his political future. 74,000 participants have reported financial losses exceeding $251 million after the cryptocurrency’s price took a significant plunge following a surge triggered by Milei’s endorsement.