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, which quickly became infamous. The token was said to stimulate Argentina’s economy through funding small businesses and startups, aligning with Milei’s economic policies.
On February 14, 2025, President Javier Milei’s endorsement of the LIBRA token catapulted its price from $0.006 to nearly $5 before a dramatic crash, losing about 94% of its value shortly after and obliterating billions in investor capital.
Hayden Davis publicly blamed Milei’s administration for withdrawing support, claiming it led to the token’s demise. Amidst this controversy, Davis announced plans to inject $100 million back into LIBRA to restore its value, which remains to be seen.
With critics arguing that these events reveal Milei’s administration’s oversight of the crypto market, the fallout has led Argentine lawyers to charge President Milei with fraud related to his involvement with LIBRA. They question the ethics of promoting a pump-and-dump scheme without clear disclosures, especially from a public official.
Key Takeaways
- The tumultuous journey of Hayden Mark Davis and his connections.
- The dramatic rise and fall of the LIBRA coin, with implications linking it to political maneuvers.
