A journalistic investigation might have uncovered a deeper link between President Javier Milei and Libra two weeks before its launch.
According to a report published by Clarin, Argentina’s President Javier Milei signed an agreement with Hayden Davis, CEO of Kelsier Ventures, in the weeks leading up to the launch of Libra, a cryptocurrency focused on helping Argentine companies obtain funding.
The agreement, which was redacted in Spanish and does not mention Libra, designates Davis as an “ad-honorem” blockchain and artificial intelligence (AI) advisor for Argentina.
The agreement states that Davies assumes a compromise with Argentina to provide “professional support, aligned with global trends in decentralization and technological modernization, ensuring the highest quality and confidentiality at every stage of the consultation.”
The document establishes Davis as a consultant for smart contract automation, digitalization of public documents, development of digital innovation ecosystems, and blockchain training.
Finally, Davis committed to keep the information contained in the document “secret,” and to keep it “under the strictest confidentiality, except by legal authorization or express instruction from the competent authority.”
Libra was launched two weeks before this agreement was signed, and President Milei indicated that his participation was purely incidental, sharing the smart contract of the currency on social media before its downfall.
Read more: Libra’s Launch Was Calculated: New Revelations Hint at Milei’s Involvement
The document establishes ties between the U.S. investor and Milei before Libra’s launch, which caused losses of over $100 million to tens of thousands of investors.
This revelation could be relevant to the two legal actions against Libra’s organizers, both in the U.S. and in Argentina, hinting at a deeper cooperation of the president in this scheme.
“We were right. That’s why the pressure and the secrecy. That’s why the nervousness surrounding the progress of the Investigating Commission and the Final Report. Now what they tried to cover up for months will be revealed,” said Maximiliano Ferraro, who led a congressional committee to probe Libra.
It remains to be seen whether these revelations will have any effect on the current legal actions against Libra or if they will be dismissed. Nonetheless, Milei’s failure to disclose these links has been criticized by local lawmakers and politicians and might affect his political image.
- What link has been uncovered between President Milei and Libra?
A report indicates that Milei signed an agreement with Hayden Davis, the CEO of Kelsier Ventures, shortly before Libra’s launch, suggesting a deeper involvement. - What details were revealed in the agreement with Davis?
The agreement designates Davis as an ad-honorem advisor, focusing on blockchain technology and AI for Argentina, although it doesn’t explicitly mention Libra. - What potential legal implications arise from this investigation?
The ties between Milei and Libra may impact ongoing legal actions against Libra’s organizers in both the U.S. and Argentina, hinting at Milei’s deeper involvement. - How might these revelations affect President Milei’s political standing?
Milei’s failure to disclose these connections has drawn criticism from local lawmakers, potentially damaging his political image amid ongoing scrutiny.
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