Crisis of the Argentine Government due to LIBRA Scandal

Javier Milei's government faces a crisis following the LIBRA cryptocurrency scandal, which has affected its credibility and the political stability of the country.


Crisis of the Argentine Government due to LIBRA Scandal

The ruling party managed to prevent the investigative commission from prospering, suspended the primaries, and removed the clean slate, providing a momentary respite to the presidential environment. However, an unfortunate incident left the set incomplete, with only 11 cups instead of 12. During a television interview, Santiago Caputo, presidential advisor, interrupted the president to avoid mentioning the Minister of Justice as his lawyer, compromising the transparency of the government. Although they tried to control the damage, the credibility of the administration suffered a significant blow. The Casa Rosada attempted to minimize the impact of the case by resetting its crisis communication strategy led by Santiago Caputo. However, internal tensions remained latent as the government faced a political battle in the Senate. The LIBRA cryptocurrency scandal put Javier Milei's government in a tough spot, who had promised to safeguard the transparency and purity symbolized by the 12 Baccarat crystal cups gifted by the Argentine society in the 2023 elections. Despite efforts to contain the crisis, the incident exposed the vulnerability of the presidential environment and generated criticism and questions towards the government. Milei's administration, which had successfully faced its early months, was shaken by the negative repercussions of the LIBRA case. Amid internal tensions, the government attempted to restore public trust and maintain political and economic stability. Society was surprised by the lack of care and the vulnerabilities displayed by the ruling party.