Milei’s Win Delivers Little Crypto Change in Argentina
Argentina’s libertarian president Javier Milei secured a decisive midterm election win in 2025. Despite his pro-crypto rhetoric and endorsement of Bitcoin, tangible policy progress remains limited for the crypto industry.
Lawmakers dropped a proposed crypto tax regularization clause from the key "Basis for Freedom" bill. Instead, Argentina enacted VASP regulations under Law 27,739 in March, imposing stricter AML and reporting requirements on virtual asset service providers.
Milei was also tied to the "Libra" memecoin pump-and-dump scandal; a congressional probe found no presidential wrongdoing. Meanwhile, inflation cuts and austerity protests persist, and external factors like Trump’s $40 billion stimulus pledge add political weight.
Overall, traders face neutral signals. Market stability hinges on future policy clarity and consistent crypto regulation.
Neutral
Milei’s election win and pro-crypto stance generated initial optimism, but the removal of a crypto tax amnesty and the shift to stricter VASP regulations have tempered expectations. The Libra memecoin scandal, despite no formal charges, underscores regulatory scrutiny. In the short term, traders are unlikely to see major price swings as policy clarity remains elusive. Over the long term, consistent implementation of AML rules and potential future crypto-friendly measures could support gradual market stability. For now, the balanced approach signals a neutral impact on trading activity.