- Hayden Davis, co-creator of Libra, signed a confidential advisory agreement with Argentine President Javier Milei in January 2025.
- The contract outlined unpaid blockchain advisory roles focused on smart contracts, blockchain education, and public document storage.
- Davis transferred nearly $5.7 million from his crypto wallets before Libra’s launch, with some funds routed through intermediaries.
- Lobbyists Mauricio Novelli and Manuel Terrones Godoy facilitated the relationship between Davis and Milei, with undisclosed financial activities linked to their families.
- Milei has not publicly disclosed the contract or his connections to the lobbyists amid ongoing investigations.
On January 30, 2025, Hayden Davis, co-founder of the Libra project, and Argentine President Javier Milei signed a confidential non-disclosure agreement establishing Davis as a blockchain technology advisor for the country. The agreement came exactly two weeks before the official launch of the Libra token.
Under the terms of the contract, Davis agreed to provide unpaid advisory support focused on smart contracts intended to improve government efficiency, blockchain training for public officials, promoting blockchain startups, and securing public records on blockchain systems. The contract also emphasized maintaining confidentiality and adhering to global standards in decentralization and technology modernization.
Shortly after signing the agreement, Milei posted a photograph with Davis, noting that Davis had advised him on blockchain and Artificial Intelligence‘s potential impacts in Argentina. Within an hour, Davis transferred approximately $507,000 worth of USD Coin (USDC) from his wallet to the Bitget crypto exchange. According to a report by the Secretariat for Financial Investigation and Recovery of Illicit Assets (SIFRAI), another $507,000 was sent the same day to an account connected to 75-year-old Orlando Rodolfo Mellino, who may have acted as an intermediary to convert crypto into traditional currency.
Leading up to Libra’s launch on February 14, Davis moved almost $5.7 million from his wallets. Some of these funds were later linked to Camilo Rodríguez Blanco, a known cryptocurrency promoter. Lobbyists Mauricio Novelli and Manuel Terrones Godoy, present during the signing, reportedly helped facilitate the connection between Milei and Davis. Family members of these lobbyists were recorded withdrawing money from safe deposit boxes established by Novelli shortly after the token’s release.
Reports by Clarín and La Nación reveal that President Milei has not disclosed this contract or his full dealings with Novelli and Terrones Godoy to the public.
In ongoing legal cases connected to Libra’s scandal, a U.S. court denied a motion to restrict funds linked to the project. Around the same time, a newly relaunched Libra Trust website appeared, pledging to allocate funds to Argentine startups as originally intended, though details about oversight remain unclear.
For further information, see the original Clarín report.
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