Nearly 58% of Argentinians said they don’t trust President Javier Milei following his involvement in the $4.6 billion Libra crypto scandal, according to a recent poll. 

“More than a month after the crypto fraud scandal broke out, how much do you trust Milei today?” polling platform Zuban Córdoba asked 1,600 respondents in its recently released March survey, to which 57.6% replied that they disapprove of him, while 36% said Milei still has their trust.

The remaining 6.4% said they weren’t sure, the report stated.

Percentage of trust that Argentines have in Milei after the Libra scandal. Source: Zuban Córdoba

This was the first time the question was asked within a Zuban Córdoba poll. However, several other metrics, such as Milei’s image and the national management approval rating, have plummeted considerably in recent months.

The latter of those metrics, for example, fell from 47.3% in November to 41.6% in March.

“Fifty-eight percent disapprove of Javier Milei’s management. Negativity increases slowly but steadily and seems to find no ceiling,” Zuban Córdoba said. 

“The change in tone and evaluation of the government is consolidating as more and more problematic fronts appear on the political agenda.”

Zuban Córdoba conducted its study between March 12 and March 14, and the sample size of 1,600 participants had a confidence level of 95% and a sampling error of 2.45%.

Another survey from the University of San Andrés conducted between March 11-20 with 1,020 respondents found that Milei’s approval rating dropped to 45%.

However, not all polls paint the same picture of President Milei. 

Data collected from Morning Consult between Feb. 27 and March 5 indicates that Milei still possessed a 62.4% approval rating after the Libra scandal.

Related: LIBRA memecoin orchestrators named as defendants in US class-action suit

Milei has distanced himself from Libra since the scandal, arguing he didn’t “promote” the LIBRA token in a controversial Feb. 14 X post — as fraud lawsuits filed against him allege — and instead merely “spread the word” about it.

The Libra (LIBRA) token soared to a $4.6 billion market cap shortly after Milei’s X post before tanking nearly 94% over the next few hours.

Argentina’s opposition party called for Milei’s impeachment but has had limited success thus far.

President Milei’s party still in lead as election looms

The controversy comes as the next Argentine election is set to take place on Oct. 26.

Despite the negative results, Milei’s La Libertad Avanza party is still most likely to take out the next Argentine election, with 36.7% in favor of the libertarian party, while Unión por la Patria comes in next at 32.5%.

However, only 43% of Argentine respondents believe that Milei — an economist prior to taking office — has sufficiently controlled inflation, while 63% of those polled oppose Milei’s efforts to secure a new loan from the International Monetary Fund.Magazine: Meet lawyer Max Burwick — ‘The ambulance chaser of crypto’

Wyoming Governor Mark Gordon said the state’s proposed stablecoin might be ready to launch by July, with the Wyoming Stable Token Commission announcing interoperability protocol LayerZero as a partner for the token launch.

Speaking at the DC Blockchain Summit on March 26, Gordon praised the speed and efficiency of the Wyoming state government in embracing blockchain technology. Anthony Apollo, the executive director of the Wyoming Stable Token Commission, also confirmed:

“The Stable Token Commission has formally engaged LayerZero as our token development and distribution partner, and we have stable tokens — Wyoming stable tokens — on several test networks.”

Wyoming, which is represented by pro-crypto Senator Cynthia Lummis, has been planning a state-issued stablecoin for years and has a history of embracing innovation in digital assets.

Governor Mark Gordon of Wyoming speaking at the 2025 DC Blockchain Summit. Source: Sei

Related: Yield-bearing stablecoins could kill banking — US Senator Gillibrand

Wyoming Stable Token Commission

Wyoming lawmakers introduced the “Wyoming Stable Token Act” in February 2022 to establish a state-issued stablecoin pegged to the value of the US dollar and redeemable for fiat.

The bill was signed into law in March 2023, enabling the state treasury to develop a team of professional accountants, auditors, and technical experts to issue and manage the state’s stablecoin supply.

Following the passage of the Stable Token Act, the state began staffing its Stable Token Commission with officers and executives to research and develop the state’s stablecoin.

The Wyoming Stable Token Act. Source: Wyoming Legislature

In August 2024, Governor Mark Gordon told an audience at the Wyoming Blockchain Symposium that the state was eyeing a Q1 2025 launch window for the stablecoin, which would be backed by short-term US Treasury Bills and repurchase agreements.

At the time, Gordon slammed the “too big to fail” ethos of US economics post-2008 financial crisis and called the Federal Reserve Bank a “drag on innovation.”

More recently, Anthony Apollo, the executive director of the Wyoming Stable Token Commission, told Cointelegraph that the state’s public budget should be onchain to ensure transparency, accountability, and efficiency in government spending.

Magazine: Bitcoin payments are being undermined by centralized stablecoins

Wyoming Governor Mark Gordon said the state’s proposed “WYST” stablecoin might be ready to launch by July, with the Wyoming Stable Token Commission announcing interoperability protocol LayerZero as a partner for the token launch.

Speaking at the DC Blockchain Summit on March 26, Gordon praised the speed and efficiency of the Wyoming state government in embracing blockchain technology. Anthony Apollo, the executive director of the Wyoming Stable Token Commission, also confirmed:

“The Stable Token Commission has formally engaged LayerZero as our token development and distribution partner, and we have stable tokens — Wyoming stable tokens — on several test networks.”

Wyoming, which is represented by pro-crypto Senator Cynthia Lummis, has been planning a state-issued stablecoin for years and has a history of embracing innovation in digital assets.

Governor Mark Gordon of Wyoming speaking at the 2025 DC Blockchain Summit. Source: Sei

Related: Yield-bearing stablecoins could kill banking — US Senator Gillibrand

Wyoming Stable Token Commission

Wyoming lawmakers introduced the “Wyoming Stable Token Act” in February 2022 to establish a state-issued stablecoin pegged to the value of the US dollar and redeemable for fiat.

The bill was signed into law in March 2023, enabling the state treasury to develop a team of professional accountants, auditors, and technical experts to issue and manage the state’s stablecoin supply.

Following the passage of the Stable Token Act, the state began staffing its Stable Token Commission with officers and executives to research and develop the state’s stablecoin.

The Wyoming Stable Token Act. Source: Wyoming Legislature

In August 2024, Governor Mark Gordon told an audience at the Wyoming Blockchain Symposium that the state was eyeing a Q1 2025 launch window for the stablecoin, which would be backed by short-term US Treasury Bills and repurchase agreements.

At the time, Gordon slammed the “too big to fail” ethos of US economics post-2008 financial crisis and called the Federal Reserve Bank a “drag on innovation.”

More recently, Anthony Apollo, the executive director of the Wyoming Stable Token Commission, told Cointelegraph that the state’s public budget should be onchain to ensure transparency, accountability, and efficiency in government spending.

Magazine: Bitcoin payments are being undermined by centralized stablecoins

Wyoming Governor Mark Gordon said the state’s proposed “WYST” stablecoin might be ready to launch by July, with the Wyoming Stable Token Commission announcing interoperability protocol LayerZero as a partner for the token launch.

Speaking at the DC Blockchain Summit on March 26, Gordon praised the speed and efficiency of the Wyoming state government in embracing blockchain technology. Anthony Apollo, the executive director of the Wyoming Stable Token Commission, also confirmed:

“The Stable Token Commission has formally engaged LayerZero as our token development and distribution partner, and we have stable tokens — Wyoming stable tokens — on several test networks.”

Wyoming, which is represented by pro-crypto Senator Cynthia Lummis, has been planning a state-issued stablecoin for years and has a history of embracing innovation in digital assets.

Governor Mark Gordon of Wyoming speaking at the 2025 DC Blockchain Summit. Source: Sei

Related: Yield-bearing stablecoins could kill banking — US Senator Gillibrand

Wyoming Stable Token Commission

Wyoming lawmakers introduced the “Wyoming Stable Token Act” in February 2022 to establish a state-issued stablecoin pegged to the value of the US dollar and redeemable for fiat.

The bill was signed into law in March 2023, enabling the state treasury to develop a team of professional accountants, auditors, and technical experts to issue and manage the state’s stablecoin supply.

Following the passage of the Stable Token Act, the state began staffing its Stable Token Commission with officers and executives to research and develop the state’s stablecoin.

The Wyoming Stable Token Act. Source: Wyoming Legislature

In August 2024, Governor Mark Gordon told an audience at the Wyoming Blockchain Symposium that the state was eyeing a Q1 2025 launch window for the stablecoin, which would be backed by short-term US Treasury Bills and repurchase agreements.

At the time, Gordon slammed the “too big to fail” ethos of US economics post-2008 financial crisis and called the Federal Reserve Bank a “drag on innovation.”

More recently, Anthony Apollo, the executive director of the Wyoming Stable Token Commission, told Cointelegraph that the state’s public budget should be onchain to ensure transparency, accountability, and efficiency in government spending.

Magazine: Bitcoin payments are being undermined by centralized stablecoins

Wyoming Governor Mark Gordon said the state’s proposed “WYST” stablecoin might be ready to launch by July, with the Wyoming Stable Token Commission announcing interoperability protocol LayerZero as a partner for the token launch.

Speaking at the DC Blockchain Summit on March 26, Gordon praised the speed and efficiency of the Wyoming state government in embracing blockchain technology. Anthony Apollo, the executive director of the Wyoming Stable Token Commission, also confirmed:

“The Stable Token Commission has formally engaged LayerZero as our token development and distribution partner, and we have stable tokens — Wyoming stable tokens — on several test networks.”

Wyoming, which is represented by pro-crypto Senator Cynthia Lummis, has been planning a state-issued stablecoin for years and has a history of embracing innovation in digital assets.

Governor Mark Gordon of Wyoming speaking at the 2025 DC Blockchain Summit. Source: Sei

Related: Yield-bearing stablecoins could kill banking — US Senator Gillibrand

Wyoming Stable Token Commission

Wyoming lawmakers introduced the “Wyoming Stable Token Act” in February 2022 to establish a state-issued stablecoin pegged to the value of the US dollar and redeemable for fiat.

The bill was signed into law in March 2023, enabling the state treasury to develop a team of professional accountants, auditors, and technical experts to issue and manage the state’s stablecoin supply.

Following the passage of the Stable Token Act, the state began staffing its Stable Token Commission with officers and executives to research and develop the state’s stablecoin.

The Wyoming Stable Token Act. Source: Wyoming Legislature

In August 2024, Governor Mark Gordon told an audience at the Wyoming Blockchain Symposium that the state was eyeing a Q1 2025 launch window for the stablecoin, which would be backed by short-term US Treasury Bills and repurchase agreements.

At the time, Gordon slammed the “too big to fail” ethos of US economics post-2008 financial crisis and called the Federal Reserve Bank a “drag on innovation.”

More recently, Anthony Apollo, the executive director of the Wyoming Stable Token Commission, told Cointelegraph that the state’s public budget should be onchain to ensure transparency, accountability, and efficiency in government spending.

Magazine: Bitcoin payments are being undermined by centralized stablecoins

Wyoming Governor Mark Gordon said the state’s proposed “WYST” stablecoin might be ready to launch by July, with the Wyoming Stable Token Commission announcing interoperability protocol LayerZero as a partner for the token launch.

Speaking at the DC Blockchain Summit on March 26, Gordon praised the speed and efficiency of the Wyoming state government in embracing blockchain technology. Anthony Apollo, the executive director of the Wyoming Stable Token Commission, also confirmed:

“The Stable Token Commission has formally engaged LayerZero as our token development and distribution partner, and we have stable tokens — Wyoming stable tokens — on several test networks.”

Wyoming, which is represented by pro-crypto Senator Cynthia Lummis, has been planning a state-issued stablecoin for years and has a history of embracing innovation in digital assets.

Governor Mark Gordon of Wyoming speaking at the 2025 DC Blockchain Summit. Source: Sei

Related: Yield-bearing stablecoins could kill banking — US Senator Gillibrand

Wyoming Stable Token Commission

Wyoming lawmakers introduced the “Wyoming Stable Token Act” in February 2022 to establish a state-issued stablecoin pegged to the value of the US dollar and redeemable for fiat.

The bill was signed into law in March 2023, enabling the state treasury to develop a team of professional accountants, auditors, and technical experts to issue and manage the state’s stablecoin supply.

Following the passage of the Stable Token Act, the state began staffing its Stable Token Commission with officers and executives to research and develop the state’s stablecoin.

The Wyoming Stable Token Act. Source: Wyoming Legislature

In August 2024, Governor Mark Gordon told an audience at the Wyoming Blockchain Symposium that the state was eyeing a Q1 2025 launch window for the stablecoin, which would be backed by short-term US Treasury Bills and repurchase agreements.

At the time, Gordon slammed the “too big to fail” ethos of US economics post-2008 financial crisis and called the Federal Reserve Bank a “drag on innovation.”

More recently, Anthony Apollo, the executive director of the Wyoming Stable Token Commission, told Cointelegraph that the state’s public budget should be onchain to ensure transparency, accountability, and efficiency in government spending.

Magazine: Bitcoin payments are being undermined by centralized stablecoins

Wyoming Governor Mark Gordon said the state’s proposed “WYST” stablecoin might be ready to launch by July, with the Wyoming Stable Token Commission announcing interoperability protocol LayerZero as a partner for the token launch.

Speaking at the DC Blockchain Summit on March 26, Gordon praised the speed and efficiency of the Wyoming state government in embracing blockchain technology. Anthony Apollo, the executive director of the Wyoming Stable Token Commission, also confirmed:

“The Stable Token Commission has formally engaged LayerZero as our token development and distribution partner, and we have stable tokens — Wyoming stable tokens — on several test networks.”

Wyoming, which is represented by pro-crypto Senator Cynthia Lummis, has been planning a state-issued stablecoin for years and has a history of embracing innovation in digital assets.

Governor Mark Gordon of Wyoming speaking at the 2025 DC Blockchain Summit. Source: Sei

Related: Yield-bearing stablecoins could kill banking — US Senator Gillibrand

Wyoming Stable Token Commission

Wyoming lawmakers introduced the “Wyoming Stable Token Act” in February 2022 to establish a state-issued stablecoin pegged to the value of the US dollar and redeemable for fiat.

The bill was signed into law in March 2023, enabling the state treasury to develop a team of professional accountants, auditors, and technical experts to issue and manage the state’s stablecoin supply.

Following the passage of the Stable Token Act, the state began staffing its Stable Token Commission with officers and executives to research and develop the state’s stablecoin.

The Wyoming Stable Token Act. Source: Wyoming Legislature

In August 2024, Governor Mark Gordon told an audience at the Wyoming Blockchain Symposium that the state was eyeing a Q1 2025 launch window for the stablecoin, which would be backed by short-term US Treasury Bills and repurchase agreements.

At the time, Gordon slammed the “too big to fail” ethos of US economics post-2008 financial crisis and called the Federal Reserve Bank a “drag on innovation.”

More recently, Anthony Apollo, the executive director of the Wyoming Stable Token Commission, told Cointelegraph that the state’s public budget should be onchain to ensure transparency, accountability, and efficiency in government spending.

Magazine: Bitcoin payments are being undermined by centralized stablecoins

US Securities and Exchange Commissioner (SEC) Hester Peirce offered a few suggestions for longer-lasting changes in crypto regulation between administrations with potentially different views.  

Speaking at the DC Blockchain Summit on March 26, Peirce, who heads the SEC’s crypto task force, said she expected that the commission could create more “durability” for digital asset regulations through rulemaking at the agency and legislation in Congress. Such rulemaking and laws would be in contrast to guidance issued by the agency, such as a recent statement suggesting that memecoins do not qualify as securities. 

“I hope people won’t be sitting around thinking about the Howey test,” said Peirce, referring to a method to determine whether an asset is a security. “Your lawyers have to think about these things, I’m not saying that they’ll not be relevant, but it shouldn’t be the kind of thing that is driving what you decide to build. I want there to be enough clarity on the question of what falls in our jurisdiction and then, if it does, how you can move forward.”

SEC Commissioner Hester Peirce speaking at the DC Blockchain Summit on March 26. Source: Rumble

Peirce’s remarks came as the SEC has dropped several investigations or enforcement actions against major crypto firms, including Coinbase, Ripple, Kraken and Immutable. Some see the commission’s change in policy under acting chair Mark Uyeda as an attempt by US President Donald Trump to have the agency drop cases against firms that supported his 2024 campaign.

Related: SEC plans 4 more crypto roundtables on trading, custody, tokenization, DeFi

Since the 119th session of Congress started in January, lawmakers have suggested that they intend to move forward with a market structure bill clarifying the roles the SEC and Commodity Futures Trading Commission will have over digital assets. On his third day in office, Trump signed an executive order establishing a working group that would explore, among other things, a regulatory framework for stablecoins.

Is a new SEC chair on the horizon?

Paul Atkins, whom Trump nominated as an SEC commissioner in December, will appear before US lawmakers in the Senate Banking Committee on March 27 and likely answer questions about his views on crypto regulation. Many in the crypto industry have indicated support for the former commissioner, who holds assets in real-world asset tokenization platform Securitize and controls a consulting firm tied to FTX.

If his nomination moves through the banking committee, it’s unclear whether the full Senate will vote to confirm Atkins to a term ending in 2031. He is expected to take over as SEC chair from Commissioner Uyeda.

Magazine: SEC’s U-turn on crypto leaves key questions unanswered

GameStop shares jumped nearly 12% on March 26 after the company announced plans to purchase Bitcoin (BTC).

The company plans to finance the purchase through debt financing. After markets closed on March 26, GameStop announced a $1.3 billion convertible notes offering.

The convertible senior notes — debt that can later be converted into equity — will be used for general corporate purposes, including acquiring Bitcoin, according to a company statement.

“GameStop expects to use the net proceeds from the offering for general corporate purposes, including the acquisition of Bitcoin in a manner consistent with GameStop’s Investment Policy,” it said.

The company revealed on March 25 plans to use a portion of its corporate cash or future debt to buy digital assets, including Bitcoin and US-dollar-pegged stablecoins. GameStop’s cash reserves stood at $4.77 billion on Feb. 1 compared to $921.7 million one year earlier.

According to Google Finance, GameStop shares closed at $28.36 on the NYSE, marking an 11.65% gain for the day.

GameStop stock performance on March 26. Source: Google Finance

The company reported a net income of $131.3 million for Q4 2024 compared to $63.1 million for the prior year Q4. Although net sales had fallen $511 million year-over-year, the company has been aggressively cutting expenses, including closing 590 stores throughout the United States in 2024.

GameStop was once at the center of the 2021 meme stock craze when retail traders orchestrated a “short squeeze” that sent the price of the stock soaring. Some hedge funds closed down as a result of losses sustained during the short squeeze, giving the GameStop meme stock rise a “David vs. Goliath” narrative.

Related: GameStop buying Bitcoin would ‘bake the noodles’ of TradFi: Swan exec

More companies adopt Bitcoin reserve strategy

GameStop is following the lead of Strategy, which first added Bitcoin to its treasury in August 2020. As of December 2024, Strategy’s stock had gained 3200% since adopting its crypto strategy.

Metaplanet, a Japanese company with plans to buy 21,000 BTC by 2026, saw its stock price rise 4800% since announcing the move. In promotional materials, Metaplanet said it had attracted a significant number of new investors, with its market capitalization rising by 6300%.

Semler Scientific also saw a spike in its share price after announcing plans to purchase Bitcoin. According to CoinGecko, 32 publicly traded companies hold BTC on their balance sheets.

Magazine: SEC’s U-turn on crypto leaves key questions unanswered

GameStop shares jumped nearly 12% on March 26 after the company announced plans to purchase Bitcoin (BTC).

The company plans to finance the purchase through debt financing. After markets closed on March 26, GameStop announced a $1.3 billion convertible notes offering.

The convertible senior notes — debt that can later be converted into equity — will be used for general corporate purposes, including acquiring Bitcoin, according to a company statement.

“GameStop expects to use the net proceeds from the offering for general corporate purposes, including the acquisition of Bitcoin in a manner consistent with GameStop’s Investment Policy,” it said.

The company revealed on March 25 plans to use a portion of its corporate cash or future debt to buy digital assets, including Bitcoin and US-dollar-pegged stablecoins. GameStop’s cash reserves stood at $4.77 billion on Feb. 1 compared to $921.7 million one year earlier.

According to Google Finance, GameStop shares closed at $28.36 on the NYSE, marking an 11.65% gain for the day.

GameStop stock performance on March 26. Source: Google Finance

The company reported a net income of $131.3 million for Q4 2024 compared to $63.1 million for the prior year Q4. Although net sales had fallen $511 million year-over-year, the company has been aggressively cutting expenses, including closing 590 stores throughout the United States in 2024.

GameStop was once at the center of the 2021 meme stock craze when retail traders orchestrated a “short squeeze” that sent the price of the stock soaring. Some hedge funds closed down as a result of losses sustained during the short squeeze, giving the GameStop meme stock rise a “David vs. Goliath” narrative.

Related: GameStop buying Bitcoin would ‘bake the noodles’ of TradFi: Swan exec

More companies adopt Bitcoin reserve strategy

GameStop is following the lead of Strategy, which first added Bitcoin to its treasury in August 2020. As of December 2024, Strategy’s stock had gained 3200% since adopting its crypto strategy.

Metaplanet, a Japanese company with plans to buy 21,000 BTC by 2026, saw its stock price rise 4800% since announcing the move. In promotional materials, Metaplanet said it had attracted a significant number of new investors, with its market capitalization rising by 6300%.

Semler Scientific also saw a spike in its share price after announcing plans to purchase Bitcoin. According to CoinGecko, 32 publicly traded companies hold BTC on their balance sheets.

Magazine: SEC’s U-turn on crypto leaves key questions unanswered