Why Would Argentine President Javier Milei Protect Kelsier's Hayden Davis? - Ep. 787

Unchained

Laura Shin

News, Tech News, Business News

4.5 • 1.3K Ratings

🗓️ 21 February 2025

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

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

Transcript

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0:00.0	if there is genuine evidence of insider trading, of using information that someone knew that
0:06.1	the general public traders didn't know, then you could have cases brought even if Libra isn't
0:12.8	seen as a security.
0:14.2	That's something that a lot of people get wrong in crypto, right?
0:17.4	There are statutes in the U.S. Federal Securities Law that expressly prohibit insider
0:23.2	trading of securities. Now, that doesn't mean that if it's not a security, you can't be charged
0:29.1	for insider trading. If you use information to trade an asset, a commodity, whatever,
0:36.1	and that information wasn't public, but you knew it, then
0:38.8	you could be charged for wire fraud.
0:44.9	Hi, everyone.
0:45.9	Welcome to Unchained.
0:47.0	You're no hype resource for all things crypto.
0:49.0	I'm your host, Laura Shin.
0:50.9	We are now featuring quotes from listeners on the show.
0:54.1	Today we have one from Mark Sauras on X,
0:57.4	responding to my interview with Dio Casares about the Libra scandal. Mark writes, quote,
1:02.7	I feel like meme coin as a term is the wrong one to use for these types of tokens. These are
1:07.7	rug coins. There's nothing memeable about them.
1:17.1	To have your comment featured, write a review of the podcast overall or leave a comment on our video on YouTube or X.
1:21.4	This is the February 21st, 2025 episode of Unchained.
1:24.5	Mantel is building the future of OnChane Finance.
1:29.0	Experience its enhanced index fund, Mantle Banking, and MantleX.
	...

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