(Bloomberg) – The political uprising over Argentine President Javier Mairi’s role in the crypto scandal has put the spotlight on his sister, his closest adviser and gatekeeper.
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Hayden Davis, the key figure behind Libra Token, crashed on Friday night after Milei promoted on X. Another report by Argentina’s Marquilanacion newspaper and crypto industry site Coindesk on Tuesday. Davis, who has not responded to multiple requests for comment, refused to Koindsk to pay the president.
It was also Carina who first met at the Presidential Palace with local crypto consultant Mauricio Novelli.
The crash of tokens and attempts to regain the government’s failed narrative snowballed in the biggest scandal faced by libertarians since they came to power over a year ago. First, it infuriated a horde of investors and then crashed into the market. Argentine assets endured more volatility on Tuesday as sovereign bonds worsened than emerging market peers. However, the stock market surged 6% after falling by the same amount the day before.
Advisor to Karina Milei redirected a request for comment to Milei’s Chief spokesman who declined to comment on Bloomberg news reports.
In an interview with Barstool Sports on Monday, Davis admitted that he made money from Libra and wanted a way to get things right. He described the situation as a failed launch.
Davis firmly believes that Mairay is not corrupt and states that the money from the venture was people on the Argentine president’s team, or “thought it was Mairay’s team.”
Milei also vehemently denied his influence, knowing that unsuspecting investors could soon lose their money.
But it all seems like Mairay and Davis agree. The two provide conflicting accounts about what they have been postponed.
Both sides confirmed that Mairey had met Davis multiple times in Buenos Aires, but the Argentinians downplayed the relationship and denied that Davis had or had any ties with the government. Meanwhile, Davis described himself as an advisor to the president who was working on him in “tokenization.”
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