A new political poll reveals that 57.6% of Argentinians no longer trust President Javier Milei following his alleged ties to the $4.6 billion LIBRA crypto scandal. The survey, conducted by Zuban Córdoba in mid-March with 1,600 respondents, marks a sharp shift in public sentiment amid rising controversy.

Milei’s approval rating has been on a steady decline since November, dropping from 47.3% to 41.6% by March. The LIBRA scandal appears to be a key factor in this downturn. After a promotional post on X (formerly Twitter) by Milei in February, the LIBRA token skyrocketed in value before crashing 94% within hours, sparking fraud allegations and lawsuits. While Milei claims he didn’t “promote” the token but merely “shared” it, critics and opposition leaders aren't buying the explanation — some even calling for his impeachment.

Further polling by the University of San Andrés showed a similar dip in confidence, with Milei’s approval down to 45%. However, data from Morning Consult offered a contrasting view, showing his support at 62.4% earlier in March.

Despite the mounting distrust, Milei’s La Libertad Avanza party still leads in the polls for the upcoming October 26 election, with 36.7% support compared to the opposition’s 32.5%. Yet, only 43% believe he’s effectively managed inflation, and 63% disapprove of his attempt to secure another IMF loan.

As political tension rises and economic concerns persist, the LIBRA fallout could be a decisive issue in Argentina’s next election.