Last Friday, the president Javier Milei He went out to promote “Long live the Freedom Project”a cryptocurrency call $ Pound which promised to seek financing to boost small and medium -sized Argentine companies. The president held meetings with Hayden Daviscreator of the cryptocurrency, and with Julián Pehfounder of the company KIP Protocolwhich carried out the development of the project. The government measures the political consequences of the case, while the opposition seeks to advance with the political trial.
The scandal arose when, within an hour, the value of the crypt shot and stock capitalization reached US $ 4,000 millionsuperior to those that have many Argentine companies. But before midnight on Friday, the price had already collapsed, it was worth almost zero and caused millionaire losses to whom they invested in that currency. The existence of about 40,000 victims is estimated, according to Congress sources.
In a new message, he explained his decision and pointed directly against the “political caste” for trying to get revenue from the episode. “A few hours ago I published a tweet, like so many other infinite times, supporting an alleged private entrepreneurship that obviously has no link,” the president wrote.
“I was not internalized from the details of the project and after having internalized I decided not to continue disseminating (that’s why I erased the tweet),” he added.
In the same post, Milei charged against his adversaries: “To the unclean rats of the political caste that they want to take advantage of this situation to harm them I mean that every day confirms how curturally the politicians are, and increase our conviction of kicking them in the ass. Ívllc!”he concluded.
Javier Milei with Julián Peh de Kip Protocol
He October 19, 2024as reported by the Presidency statement, Milei met with the representatives of the KIP Protocol company, in Argentina, who presented his project “Live La Libertad”, aimed at financing private ventures through Blockchain technology.
The person in charge of KIP Protocol (owner of the living project La Libertad and $ Libra), Julián Pehtook off from the fall of the platform that was promoted by Javier Milei, through his account in the social network X.
Milei and Peh They took out a selfie In that meeting last October, that It did not develop either in the Casa Rosada or in Olivos, but at the Libertador Hotel.
This is the same hotel as It worked as Libertad Bunker advances During the extensive campaign of 2023 and where the president, in addition to having important meetings with politicians and businessmen, He lived from the general elections of October of that year until January 8, 2024when he moved to the presidential residence, almost a month after having assumed.
This follows from the official records of the hearings that the Head of State keeps daily. There it is specified that the presidential spokesman, Manuel Adorniand the co-founder of Tech Forum, Mauricio Novellithey were also part of that meeting.
“Milei tweeted about it. At that time, Kip had no participation in the launch, since our role was always after launch.”Peh said yesterday in the middle of the scandal, separating the president from what happened.
Peh released an official statement in the Kip Protocol account, where he clarified that they were invited by Hayden Davis, the initiator of the project after its launch. “KIP was invited after the launch to manage/supervise the selection of funded technological projects and provide technical infrastructure for AI initiatives,” he said.
“As a technology company, our approach is still in innovation and infrastructure, never in Tokens launches,” he said. In addition, he made it clear that both he and his staff suffered threats after the scandal.
“Kip has assumed a lot, even threats, both to me and the staff, but we were not involved in the launch, we did not handle any token or sun,” he said.
“All details related to tokens must go to Kelsier. We did not get a penny of today’s activity,” he said.
Crypto scandal: Javier Milei’s encounter with Hayden Davis of $ Libra at Casa Rosada
He Last January 30the president held a meeting at Casa Rosada with the American Hayden Mark Davis, who, according to KIP Protocol representatives, was going to be in charge of providing technological infrastructure for the project. Davis was presented as one of the KIP Protocol partners.
“Today we maintained a very interesting talk with businessman Hayden Mark Davis, who was advising me about the impact and applications of blockchain technology and artificial intelligence in the country. We continue working to accelerate Argentine technological development and make Argentina a world technological power. Long live the freedom of hell … !!!
The American businessman explained that his “responsibility was to ensure that the Token had enough volume, liquidity and a solid treasury to support its price and execute the vision of the project.” “However, as an advisor, there were many factors outside my control,” he added.
Davis has confirmed to be an advisor to the president, blamed the government of the abrupt fall of the cryptocurrency for withdrawing his support for the project and assured that he will inject liquidity again to the Token.
According to the official website “Long live the Freedom Project”, the Token $ Libra He promised to finance local projects through an online registration form. However, it did not specify selection criteria or technical details about the distribution of funds, which aroused doubts.
$ Libra is actually a meme currency, a term that refers to a cryptocurrency created as a joke due to entertainment or internet trends, and is characterized by lack of support in the real economy.
Source: Ambito
