Former U.S. President Donald Trump has praised the significant electoral victory of Argentina's President Javier Milei and his party, La Libertad Avanza, in the midterm elections. The party captured 41% of the popular vote, securing 13 Senate seats and 64 House seats, making it the second-largest faction in Congress. This victory is seen as pivotal for Milei's reform agenda, although he will need to form alliances to achieve a congressional majority. Following the election results, the dollar-peso exchange rate fell by over 10% on national cryptocurrency exchanges such as Lemon. Trump noted that the election outcome positively impacted U.S. bonds and Argentina's debt rating, revealing that the U.S. Treasury had invested in Argentine pesos to stabilize the exchange rate.