CRYPTOCURSE SCANDAL: THE CONFIDENTIAL AGREEMENT BETWEEN HAYDEN DAVIS AND JAVIER MILEI
Quick Read
A document signed in January 2025 shows that crypto entrepreneur Hayden Davis agreed to advise Javier Milei on blockchain and artificial intelligence, two weeks before the launch of the $LIBRA token. The text, which Clarín accessed, is confidential and is part of a broader scheme involving payments, crypto wallets, and side deals currently under investigation.
What is the agreement?
It is a document signed on January 29, 2025 between Milei and Hayden Davis, where the businessman offers himself as an advisor on blockchain and artificial intelligence for the Argentine State, under a confidentiality agreement.
When and in what context was it signed
It was signed during a lightning visit by Davis to Buenos Aires, just 15 days before the launch of the token $LIBRA and after a meeting at Casa Rosada.
What the document said
Davis offered “ad honorem” advice on decentralized technologies, smart contracts, digitization of public documents and training of officials, leaving the door open to future negotiations.
The link with the token $LIBRA
Following the meeting, Milei posted a tweet introducing Davis, which boosted the value of $LIBRA. Hours after the launch, the cryptocurrency plummeted, and the President deleted the tweet.
Money movements under scrutiny
Wallets attributed to Davis sent more than one million dollars in crypto to an Argentine intermediary, who then forwarded them to an alleged crypto exchange, according to the prosecution.
Other agreements and parallel payments
The Congressional Committee detected transfers that matched a previous agreement that included monthly payments for crypto and blockchain advice to people close to the project.
The full text of the agreement between Davis and Milei
Autonomous City of Buenos Aires, January 29, 2025
To the President
PRESIDENCY OF THE ARGENTINE NATION, DR. JAVIER MILEI
MR. PRESIDENT:
I have the honor of contacting you to offer my specialized consulting services in blockchain and artificial intelligence, on a pro bono basis. This proposal aims to assist you in understanding, analyzing, implementing, and developing innovative technological solutions that will contribute to leveraging the opportunities that the digital economy and new technologies offer to the Republic of Argentina, in both the public and private sectors.
My commitment lies in providing professional support, aligned with global trends in decentralization and technological modernization, ensuring the highest quality and confidentiality at every stage of the consultation. For this reason, I am sending you this consulting proposal document.
Advisory Proposal Document
General Proposal
Consulting on blockchain technology and artificial intelligence:
My goal is to provide advice on blockchain and artificial intelligence to facilitate the understanding, analysis, implementation and impact of innovative technological solutions, contributing to the exploitation of the opportunities offered by the digital economy in the Republic of Argentina.
Services offered
This service includes, but is not limited to, advice on the analysis, implementation and development of the following actions in particular:
- Automation through smart contracts: Application of smart contracts to simplify administrative and contractual processes, reducing operating costs and increasing efficiency.
- Digitization of public documents: Registration and secure storage of official documents, such as property titles, certificates and other assets, using blockchain.
- Development of digital innovation ecosystems: Advice to promote the growth of startups and projects related to blockchain and artificial intelligence at the local level.
- Education and training: Creation of training programs aimed at public officials in the use and potential of blockchain and artificial intelligence.
I appreciate the opportunity to present this document and I am confident that, with your support, I will be able to contribute significantly to the country’s economic and technological development.
I hereby make my services available to you completely free of charge, expressly waiving any type of compensation, whether in money, in kind or any other form of remuneration.
I request your signature on this document to formalize your support and commitment to this initiative, understanding that the parties are free to propose future negotiations, in accordance with Article 969 of the Argentine Civil and Commercial Code. Furthermore, I commit to maintaining the strictest confidentiality regarding the information contained in this document, keeping it under the strictest confidentiality, except with legal authorization or express instruction from the competent authority.
Furthermore, at your exclusive request, I hereby state that the advice provided may extend to matters not specified in this document, provided that they are within my area of competence and knowledge.
Finally, I hereby state that, from the date of signature by both parties, this document will have the corresponding effects, formalizing my intention to provide advisory services under the terms established herein.
Sincerely,
Hayden Mark Davis
Co-founder Kelsier
Javier Gerardo Milei
President of the Argentine Nation
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