A key figure behind the Libra token, Hayden Davis, recently boasted about his influence over Argentine President Javier Milei through alleged payments directed to Milei’s sister, Karina. Text messages reviewed by CoinDesk reveal Davis claiming that he could “control” Milei, stating back in December that he could send money to Karina and that “he signs whatever I say and does what I want.”
Following the publication of these claims, Davis’s spokesperson denied any involvement in making payments to either Milei or his sister. The spokesperson asserted that reports suggesting payments for the launch of the Libra memecoin were “completely false.” Davis maintained that he did not pay the Mileis, nor were any requested, and emphasized their focus was solely on ensuring that the proceeds from Libra would benefit the people and economy of Argentina.
The context of these claims adds complexity to an ongoing anti-corruption investigation involving Milei, who recently advocated for the Libra cryptocurrency as a means to support small businesses. This topic gained traction following the memecoin’s launch, when wallets associated with Davis’s Kelsier Ventures reportedly profited over $100 million shortly after Libra’s introduction, despite a subsequent crash that saw its value plummet over 95%.
In light of this controversy, Argentine opposition leaders are considering impeachment proceedings against Milei, dubbing the incident “critpogate.” The scandal has impacted Argentina’s stock market and prompted Milei to adopt a damage control approach. Davis’s assertions about gaining Milei’s favorable treatment were particularly significant given that a tweet from Milei about Libra contributed to its market surge.
Davis’s claims of being able to have Milei leverage social media in support of various ventures were highlighted, especially since Milei’s promotion played a crucial role in the early excitement surrounding the memecoin, only to see it falter after just hours in the market.
________
At Crypto Dummies, we strive to demystify the complexities of the cryptocurrency world for enthusiasts of all levels. Through insightful articles, guides, and analysis, we cover topics ranging from blockchain technology to market trends and investment strategies. Stay informed and empowered with Crypto Dummies – your go-to source for accessible crypto knowledge.
