Majority of Argentinians Lose Trust in President Milei Amid $4.6B Libra Crypto Scandal

A growing number of Argentina citizens are expressing distrust in President Javier Milei following his alleged connection to the controversial $4.6 billion Libra crypto scandal.  According to a recent poll conducted by Zuban Córdoba, 57.6% of respondents said they no longer trust Milei, while only 36% affirmed their continued support. An additional 6.4% said they were uncertain.

The survey, which included 1,600 participants and was conducted between March 12 and 14, marked the first time Zuban Córdoba directly polled public trust in Milei since the scandal broke.

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Disapproval of Milei’s Leadership Rises to 58% Amid Growing Public Dissatisfaction

The polling platform noted that dissatisfaction with Milei leadership has been growing steadily, with disapproval of his broader government management rising from 47.3% in November to 58% in March in Argentina after the Libra crypto.

“Negativity is increasing slowly but steadily and seems to find no ceiling,” the polling firm stated. “The shift in tone and assessment of the administration is becoming more entrenched as new political controversies emerge.”

A separate survey by the University of San Andrés, conducted between March 11 and 20 with 1,020 respondents, found Milei’s approval rating had dropped to 45%. However, not all polls agree.

A study from Morning Consult, covering the period between February 27 and March 5, showed Milei still holding a 62.4% approval rating after the Argentina scandal surfaced.

A recent poll reveals that nearly 58% of Argentinians distrust President Javier Milei following the LIBRA crypto scandal.

Despite this, his La Libertad Avanza party leads with 36.7% support ahead of the upcoming election.

Is the tide turning in Argentina? pic.twitter.com/xfK4VI3dxX

— Coin Bureau (@coinbureau) March 27, 2025

The controversy stems from a Feb. 14 post on X (formerly Twitter) in which Milei mentioned the Libra (LIBRA) token. Following the post, the token’s market capitalization skyrocketed to $4.6 billion before crashing by 94% within hours.

Milei has since attempted to distance himself from the project, claiming he merely shared information and did not promote the token.

Despite mounting criticism and calls for impeachment from opposition parties, Milei’s political base remains relatively intact. Polls suggest his libertarian party, La Libertad Avanza, still leads the race for Argentina’s upcoming general election on October 26, with 36.7% support.

The opposition coalition Unión por la Patria trails slightly with 32.5%. Still, concerns about Milei’s handling of the economy persist.

Only 43% of Argentinians believe he has managed to rein in inflation effectively, while 63% oppose his efforts to secure a new loan from the International Monetary Fund.

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Argentine Lawyer Seeks Global Arrest Warrant For LIBRA Token Co-Creator

Earlier this month, Argentine lawyer Gregorio Dalbon officially requested that Interpol issue a global arrest warrant for Hayden Davis, the co-creator of the controversial LIBRA token.

Dalbon, who is working with prosecutor Eduardo Taiano and judge María Servini, is seeking an Interpol Red Notice for Davis. The lawyer’s request for an arrest includes a call for his extradition to Argentina.

The lawyer emphasized that Davis’s central role in the creation and promotion of the $LIBRA cryptocurrency, combined with the international nature of the case, made it likely that Davis would attempt to evade justice.

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