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
Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com
Thank you to our sponsors!
Mantle
Guest
Danny Nelson, Managing Editor for Data & Tokens at CoinDesk
Links
Previous coverage of Unchained on the LIBRA scandal:
How the Libra Scandal Exposed Memecoin Insider Trading on the World Stage
Bits + Bips: Could the LIBRA Scandal End the Memecoin Craze?
Unchained:
LIBRA Insider and Argentinian President Holding Secret Calls
Meteora Co-Founder Resigns Amid LIBRA Scandal
Are Memecoins Collapsing? These 8 Charts May Be Signaling Yes
CoinDesk: Libra Token's Hayden Davis Bragged of Influence Over Argentina's Milei
Coinbase CEO Brian Armstrong’s post on memecoins
Learn more about your ad choices. Visit megaphone.fm/adchoices
