Javier Milei Biography Flash a weekly Biography.
Javier Milei has dominated headlines in Argentina and beyond over the last few days, blazing through both political successes and high-profile controversy. The centerpiece was his landslide victory in Argentina’s October 2025 midterm elections, where Milei secured over 40 percent of votes according to IR Global, dramatically reshaping the nation’s political map and giving his coalition a decisive advantage in Congress. This result continues to reverberate, with Morning Consult reporting Milei’s approval rating soaring to 56 percent in November, reflecting not just political consolidation but also public validation for his agenda.
Yet Milei’s whirlwind rise is now shadowed by an urgent political scandal. A congressional commission published its investigative report Tuesday, as covered by AFP, Channels Television, and El País, finding that Milei and his sister Karina, who serves as his right hand, bore political responsibility for promoting the $LIBRA meme coin earlier this year—a cryptocurrency project industry experts now call a “rug pull.” Milei’s social media post in February declaring “The world wants to invest in Argentina. $LIBRA” helped explode interest, but the coin collapsed in a day, reportedly costing investors hundreds of millions. Milei later claimed ignorance about the details, but legal complaints have poured in and the legislative report has been sent to judicial authorities, though congressional action seems unlikely given the new Milei-friendly majority.
On the international stage, Milei’s business diplomacy scored a major win last week: the United States and Argentina announced a new framework for reciprocal trade and investment, reaffirming strategic ties built on free enterprise, as per the White House. This coincided with targeted tariff relief for key sectors and a robust $20 billion currency swap from the US, described by WBUR and Clark Hill, aimed at supporting Argentina’s economic stabilization. Milei himself described the move to CNBC as restoring “total and absolute confidence” in Argentina’s financial system. Inflation is down sharply from 300 percent two years ago to around 35 percent today, but everyday Argentines still face tough conditions arising from Milei’s hardline efforts to cut spending and subsidies.
On environmental policy, Argus Media reported that Milei is pushing to revise Argentina’s glacier protection law, potentially unlocking significant copper mining regions by transferring boundary-setting authority to provincial governments—a move with major implications for resource extraction and climate policy in Argentina.
Social media buzz remains high, especially after his video call with Chilean presidential hopeful José Antonio Kast, which Milei publicized to underline his pan-regional support for market reforms. Gossip swirls about his absence from congressional questioning regarding the crypto scandal, which is fueling speculation about the next legal steps, but so far nothing direct from Milei himself.
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