The La Libertad Avanza party, friendly to cryptocurrency, led by Argentine President Javier Milei, has won the midterm elections, solidifying his position for the 2027 presidential race and bolstering free market policies. According to La Nación, Milei's party garnered 40.68% of the votes, surpassing the Peronist faction right in Buenos Aires province – which has been the traditional stronghold of his opponent. This result comes after a $20 billion currency swap agreement between Argentina and America, enhancing bilateral economic relations. Milei, a former economist, has advocated for the legalization of payments in Bitcoin and cryptocurrency. However, his credibility was affected by a scandal related to the token Libra (LIBRA) after a controversial post caused the currency to plummet by 94%. Although cleared of wrongdoing, surveys show that 63.2% of the public currently holds a negative view of Milei.
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