Hayden Davis, a key figure behind the Solana-based Libra memecoin, is at the center of allegations suggesting he reportedly claimed to have influence over Argentine President Javier Milei, local media outlet La Nación reported on Feb. 18.

The report noted that Davis boasted about paying Karina Milei—President Milei’s sister and a key player in his administration—to control the country’s leader.

According to the report, Davis sent messages to an unnamed crypto firm executive, claiming that his financial support to Karina Milei gave him leverage over the President. In the leaked messages, Davis allegedly stated that Milei would comply with his demands because of the payments.

One of the messages reads:

“I control that n****. I send $$ to his sister and he signs whatever I say and does what I want.”

Despite the explosive claims, Davis has reportedly denied financial arrangements with the Mileis.

His spokesperson, Michael Padovano, dismissed the allegations as false, stating that Davis has no recollection of sending such messages and found no record on his phone.

Padovano further asserted that the President and his sister were only interested in ensuring the token benefited Argentina’s economy.

Karina and Javier Milei have yet to address these claims directly. However, President Milei has since distanced himself from the Libra situation, denying any wrongdoing and insisting that he acted in good faith.

Controlling Libra memecoin fallout

Meanwhile, another La Nacion report pointed out that Davis had been in contact with Milei’s team to contain the Libra memecoin fallout.

The report said discussions involved assurances that the President would not publicly accuse Davis of misconduct. Plans were also made to send an envoy for further talks, and Davis was reportedly advised to avoid media appearances.

This report came after Davis took part in an interview with YouTube investigator Stephen Findeisen, widely known as “Coffeezilla.” In the discussion, he argued that the Libra token’s collapse was a business failure rather than a scam.

During the interview, Davis admitted involvement in the MELANIA token and suggested that TRUMP had an insider trading opportunity.

Meanwhile, his remarks have only added to the controversy, as the collapse of the Libra token has already sparked legal debates and shaken Argentina’s financial markets. The country’s S&P Merval index dropped by more than 5% following the incident.

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