What started as another scammy memecoin launch has spiraled into one of Argentina’s biggest political scandals.
The $LIBRA token, promoted by President Javier Milei and tied to Hayden Davis of Kelsier Ventures, is now at the center of multiple investigations—with allegations of bribery, insider trading, and political corruption. Some are calling it “CryptoGate.”
Did Davis really have influence over Milei? Was the president’s sister involved in pay-to-play politics? Could Davis and Milei face legal action?
This week, Danny Nelson, managing editor for data & tokens at CoinDesk, joins to reveal what his reporting uncovered, from secret deals to political fallout—and why this scandal could change how people see memecoins forever.
Show highlights:
- 1:47 How Hayden Davis was bragging about his connection to the Argentine presidency
- 9:15 Why Karina Milei holds the keys to her brother
- 11:31 Whether Milei is trying to protect Davis
- 16:22 Whether Milei was an ignorant victim or a more knowledgeable participant in $LIBRA
- 18:46 What charges Davis could face in the U.S.
- 22:00 Why Danny thinks Jupiter is taking the right step
- 24:34 Whether a memecoin such as $LIBRA could be considered a security
- 29:32 What Davis should do with the $100 million in his possession
- 33:40 Whether memecoins are now dead
- 38:41 What the future of Pump.fun looks like
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