In recent events, Hayden Mark Davis has become a central figure in crypto, promoting and subsequently causing the collapse of the LIBRA meme coin, which was allegedly connected to Argentina’s President Javier Milei.
Hayden Mark Davis is a tech entrepreneur and the CEO of Kelsier Ventures. Before this scandal, his background was relatively unknown. This year, however, Davis found himself in the spotlight following a meeting with President Javier Milei.
This encounter paved the way for the promotion of the LIBRA meme coin on . Also, the Milei-Davis meeting was well-documented, speculating Davis’s apparent influence within governmental circles.
LA TECNOLOGÍA ES ALIADA DE LA LIBERTAD
Hoy mantuvimos una muy interesante charla con el empresario Hayden Mark Davis, quien me estuvo asesorando sobre el impacto y las aplicaciones de la tecnología blockchain e inteligencia artificial en el país. Seguimos trabajando para… pic.twitter.com/LOX4xiyzhA
— Javier Milei (@JMilei) January 30, 2025
Who is Hayden Mark Davis? His Hidden Presence in Meme Cartels
As the CEO of Kelsier Ventures, Hayden Mark Davis directly spearheaded the launch of LIBRA, which quickly became infamous. He actively shapes his business world profile through his involvement in Web3 and AI. Based in Los Angeles, California, his LinkedIn profile describes him as a “serial entrepreneur,” yet he has only 35 contacts.
Like Kelsier Ventures, Davis founded Luxury Drip in May 2020, though the specifics of its operations remain unclear. Furthermore, the impact of these companies on the market remains under the radar.
Despite his public entrepreneurial role, concrete details about Davis’s background are scarce. His online presence is minimal, which led to curiosity after visiting Casa Rosada to meet with President Milei, who was described as an advisor on blockchain and AI.
(Source)
The Enigmatic Rise and Fall of LIBRA: A Tale of Two Cities, Crypto and Politic
On February 14, 2025, President Javier Milei posted an endorsement of the LIBRA token on X, catapulting its price from $0.006 to nearly $5 within hours. LIBRA experienced a meteoric rise followed by an equally dramatic crash, losing about 94% of its value shortly after and obliterating billions in investor capital.
The token was initially described as a means to stimulate Argentina’s economy by funding small businesses and startups, aligning with Milei’s economic policies.
(LIBRAUSD)
Post-crash, Davis publicly blamed Milei’s administration for withdrawing support, which he claimed led to the token’s demise. In response, Davis announced plans to inject $100 million back into LIBRA to restore its value, which is yet to be seen.
Before the LIBRA debacle, President Milei was making headlines for his aggressive economic reforms, including significant government spending cuts. Milei led Argentina to a reported profit in the national budget. This is a notable turnaround for Argentina, historically plagued by fiscal deficits.
Milei’s substantial reductions in public expenditure aimed to curb inflation and stabilize the economy. He has been a vocal advocate for and other crypto. He is pushing for a DeFi system that earns him the nickname “Bitcoin President” even before figures like Trump. His crypto support was part of his vision to reduce reliance on conventional monetary policies.
However, the LIBRA meme coin scandal has overshadowed these achievements. Critics argue that it highlights Milei’s administration’s oversight of the crypto market.
In response to the LIBRA token’s catastrophic failure, President Milei clarified that his social media endorsement was not official but personal. Milei, too, then distanced himself from Davis, denying Davis an advisory role.
We have yet to uncover Milei’s involvement in $LIBRA
Hayden claims Milei screwed him over by deleting the endorsement tweet and renouncing all involvement
But it appears at least Milei’s team was well aware of this project for quite some time
Keep in mind Milei has already… pic.twitter.com/rduAWKnUDb
— Clemente (@Chilearmy123) February 17, 2025
The LIBRA fallout led to Argentine lawyers charging President Milei with fraud related to his involvement with LIBRA. They question the ethics of promoting a pump-and-dump without clear disclosures, especially from a public official.
EXPLORE: Crypto Trends For Bullrun – January 2025
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Key Takeaways
- Hayden Mark Davis and His Hidden Presence.
- The Enigmatic Rise and Fall of LIBRA: A Tale of Two Cities, Crypto and Politic.
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