In current occasions, Hayden Mark Davis has grow to be a central determine in crypto, selling and subsequently inflicting the collapse of the LIBRA meme coin, which was allegedly linked to Argentina’s President Javier Milei.
Hayden Mark Davis is a tech entrepreneur and the CEO of Kelsier Ventures. Earlier than this scandal, his background was comparatively unknown. This 12 months, nonetheless, Davis discovered himself within the highlight following a gathering with President Javier Milei.
This encounter paved the best way for the promotion of the LIBRA meme coin on
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. Additionally, the Milei-Davis assembly was well-documented, speculating Davis’s obvious affect inside 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 synthetic en el país. Seguimos trabajando para… pic.twitter.com/LOX4xiyzhA
— Javier Milei (@JMilei) January 30, 2025
Who’s Hayden Mark Davis? His Hidden Presence in Meme Cartels
Because the CEO of Kelsier Ventures, Hayden Mark Davis immediately spearheaded the launch of LIBRA, which shortly grew to become notorious. He actively shapes his enterprise world profile by way of his involvement in Web3 and AI. Primarily based in Los Angeles, California, his LinkedIn profile describes him as a “serial entrepreneur,” but he has solely 35 contacts.
Like Kelsier Ventures, Davis based Luxurious Drip in Might 2020, although the specifics of its operations stay unclear. Moreover, the impression of those corporations available on the market stays underneath the radar.
Regardless of his public entrepreneurial function, concrete particulars about Davis’s background are scarce. His on-line presence is minimal, which led to curiosity after visiting Casa Rosada to fulfill with President Milei, who was described as an advisor on blockchain and AI.
(Source)
The Enigmatic Rise and Fall of LIBRA: A Story of Two Cities, Crypto and Politic
On February 14, 2025, President Javier Milei posted an endorsement of the LIBRA token on X, catapulting its worth from $0.006 to almost $5 inside hours. LIBRA skilled a meteoric rise adopted by an equally dramatic crash, dropping about 94% of its worth shortly after and obliterating billions in investor capital.
The token was initially described as a way to stimulate Argentina’s financial system by funding small companies and startups, aligning with Milei’s financial insurance policies.
(LIBRAUSD)
Submit-crash, Davis publicly blamed Milei’s administration for withdrawing assist, which he claimed led to the token’s demise. In response, Davis introduced plans to inject $100 million again into LIBRA to revive its worth, which is but to be seen.
Earlier than the LIBRA debacle, President Milei was making headlines for his aggressive financial reforms, together with vital authorities spending cuts. Milei led Argentina to a reported revenue within the nationwide price range. It is a notable turnaround for Argentina, traditionally suffering from fiscal deficits.
Milei’s substantial reductions in public expenditure aimed to curb inflation and stabilize the financial system. He has been a vocal advocate for
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and different crypto. He’s pushing for a DeFi system that earns him the nickname “Bitcoin President” even earlier than figures like Trump. His crypto assist was a part of his imaginative and prescient to cut back reliance on standard financial insurance policies.
Nevertheless, 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 however private. Milei, too, then distanced himself from Davis, denying Davis an advisory function.
We now have but to uncover Milei’s involvement in $LIBRA
Hayden claims Milei screwed him over by deleting the endorsement tweet and renouncing all involvement
Nevertheless it seems at the least Milei’s staff was properly conscious of this mission for fairly a while
Bear in mind Milei has already… pic.twitter.com/rduAWKnUDb
— Clemente (@Chilearmy123) February 17, 2025
The LIBRA fallout led to Argentine attorneys charging President Milei with fraud associated to his involvement with LIBRA. They query the ethics of selling a pump-and-dump with out clear disclosures, particularly from a public official.
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Key Takeaways
- Hayden Mark Davis and His Hidden Presence.
- The Enigmatic Rise and Fall of LIBRA: A Story of Two Cities, Crypto and Politic.
The put up Who is Hayden Mark Davis Crypto? Meme Coin Mastermind Behind Milei’s LIBRA Coin appeared first on 99Bitcoins.
