Milei Shuts Down Argentina Unit Investigating Crypto Scandal
BloombergMAY 18
Argentina's Milei Dissolves Unit Investigating Crypto Scandal
Above: Argentina's President Javier Milei delivers a speech during a closing campaign rally for the Buenos Aires City Legislature in Buenos Aires on May 14, 2025. Image copyright: Contributor/Stringer/AFP via Getty Images
The Spin
Right narrative
This matter has been overblown by political opponents in a bid to harm the reputation of the government of Javier Milei, as macroeconomic indicators continue showing positive signs. Markets, as well as Argentines, trust the president, as they care about actual results, not opposition-driven controversies.
Left narrative
This move raises serious concerns about transparency and accountability, especially as Milei has a history of promoting controversial crypto investments. It's no wonder that his decision comes at a time when his popularity is high — he wants to seize the moment to prevent bad news from coming to light before the midterms later this year.