President Javier Milei of Argentina is embroiled in a cryptocurrency scandal involving the LIBRA token, potentially impacting investors since early 2025. The scandal has exposed vulnerabilities within Argentina’s crypto market, eroding investor trust and stalling regulatory progress despite strong institutional interest in digital assets. Milei’s endorsement of the token led to severe losses for Argentine investors, affecting over 114,000 wallets after a price crash. This dramatic downturn signifies a significant challenge for Argentina’s nascent cryptocurrency sector. The scandal has also led to regulatory concerns and calls for greater clarity on crypto policy as potential impacts ripple through the financial landscape. While institutional interest in digital assets remains strong, Milei’s lack of coherent crypto policy is coming under increasing scrutiny. The incident echoes global crypto fraud cases, highlighting the need for transparent governance and responsible investment practices.