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The Guardian - US
The Guardian - US
World
Adam Willems

‘Disbelief and disappointment’: how Javier Milei’s bribery scandal may have derailed Argentina’s crypto investment

A man in front of a microphone, speaking and gesturing with one finger.
Javier Milei at the Madrid Economic Forum, an event sponsored by a cryptocurrency platform, in Madrid on 8 June 2025. Photograph: Óscar del Pozo/AFP/Getty Images

The Argentinian president, Javier Milei, is facing his lowest approval ratings since taking office in 2023 as newly published evidence allegedly reveals a $5m financial agreement connected to his public endorsement last year of a controversial crypto project.

The scandal has tarnished crypto’s reputation across Argentina and set back the ambitions of industry insiders who saw the country as fertile soil for the growth of digital money.

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