The $LIBRA cryptocurrency scandal has taken a central turn with the confirmation of a confidential agreement between its promoter, Hayden Mark Davis, and Argentine President Javier Milei, signed just two weeks before the token's collapse. The two-page document, bearing the signatures of both the President and the entrepreneur, designates the American businessman as an honorary advisor to the Argentine state on blockchain and artificial intelligence. Davis, 28, arrived unexpectedly in Argentina on January 30, 2025, following an urgent call from Milei. Twenty-three minutes after landing, Milei promoted the token from his X account, causing its price to surge. However, the next day, amid suspicions of a scam, the President deleted the tweet and claimed he was unaware of the project's details. Less than two hours later, the token's value plummeted to nearly zero, leaving thousands of victims. The investigation has uncovered millions in cryptocurrency transfers linked to Davis during his short stay. A report from the Financial Investigation and Asset Recovery Secretariat (SIFRAI) details that on the day of his arrival, wallets attributed to Davis sent over one million USDC to a local intermediary. Davis's relationship with Argentine political power began earlier; he visited the country in July and November 2024 with privileged access to the Casa Rosada. The judicial investigation is advancing in both Argentina and New York courts, where the role of Davis's firm, Kelsier Ventures—which specializes in high-volatility memecoins—is under scrutiny. Despite the agreement stating Davis would provide his services 'ad honorem' without remuneration, the discovery of these multi-million dollar transfers has cast doubt on his commitment.
