Hayden Davis, a key figure behind the Solana-based Libra memecoin, is at the center of allegations suggesting he reportedly claimed to have influence over Argentine President Javier Milei, local media outlet La Nación reported on Feb. 18.
The report noted that Davis boasted about paying Karina Milei—President Milei’s sister and a key player in his administration—to control the country’s leader.
Davis, according to a report, sent messages to a crypto company executive who was not named, in which he claimed that his financial backing of Karina milei had given him influence over the president. Davis, according to the messages that were leaked, claimed Milei was willing to comply with Davis’ demands due the payment.
This message is one of them:
“I control that n****. I send $$ to his sister and he signs whatever I say and does what I want.”
Davis, despite the explosive allegations, has denied any financial arrangement with Mileis.
Michael Padovano is his spokesperson. Padovano dismissed the accusations as untrue, saying that Davis does not recall sending these messages, and there was no evidence on Davis’ phone.
Padovano further asserted that the President and his sister were only interested in ensuring the token benefited Argentina’s economy.
Karina Milei and Javier Milei are yet to directly address these allegations. The Libra issue has been a source of controversy for President Milei. He denied any wrongdoing in the situation and said that he had acted honestly.
Controlling Libra memecoin fallout
Meanwhile, another La Nacion report pointed out that Davis had been in contact with Milei’s team to contain the Libra memecoin fallout.
Reports said that discussions were held to ensure the President wouldn’t publicly accuse Davis. The plan also included sending an envoy to continue the talks. Davis was also advised to stay away from media.
The report was made after Davis participated in an interview conducted by YouTube Investigator Stephen Findeisen (also known as “Coffeezilla.” In the discussion, he argued that the Libra token’s collapse was a business failure rather than a scam.
Davis confessed to being involved in the MELANIA coin and claimed TRUMP was a potential insider trader.
Meanwhile, his remarks have only added to the controversy, as the collapse of the Libra token has already sparked legal debates and shaken Argentina’s financial markets. The country’s S&P Merval index dropped by more than 5% following the incident.
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