Following Milei’s endorsement, LIBRA’s market capitalization soared to over $4.5 billion. However, its value quickly collapsed, plummeting by more than 99% to approximately $18 million. Blockchain analysts later revealed that certain insiders sold large amounts of the token shortly after Milei publicly supported it.<\/p>\n
In his request for the Red Notice, Dalb\u00f3n expressed concerns that Davis might evade justice, citing his financial resources that could facilitate his flight or concealment.\u00a0<\/p>\n
\u201cThe possibility that Davis will abandon his country of residence or hide to avoid answering for his alleged acts appears to be aggravated by the economic resources he possesses,\u201d Dalb\u00f3n stated, emphasizing the urgency of the situation.\u00a0<\/p>\n
Interpol, the International Criminal Police Organization, facilitates international cooperation among law enforcement agencies in its 196 member countries, including the US and Argentina. A Red Notice serves as a request for member countries to locate and provisionally arrest individuals pending extradition.<\/p>\n
Federal Investigation Launched Into Javier Milei’s Endorsement<\/h2>\n
Davis has not publicly responded to the allegations, nor have his family members, including his brother Gideon and father Charles, who are involved in their family crypto venture, Kelsier Ventures, Fortune reported.\u00a0<\/p>\n
Yet, the controversy surrounding LIBRA is further complicated by its connection to former President Donald Trump, who recently launched his own memecoin named TRUMP. Trump’s endorsement of cryptocurrency has been characterized as part of his broader strategy to position himself as a pro-crypto advocate.\u00a0<\/p>\n
Following Milei’s endorsement, Davis openly acknowledged his role as an advisor to the Argentine president, stating, “I am indeed Javier Milei\u2019s advisor.” He also claimed responsibility for the launch of a separate memecoin associated with Melania Trump.<\/p>\n
The fallout from the LIBRA launch has prompted legal inquiries, including a federal investigation into Milei\u2019s actions. Both Milei and Davis have denied any wrongdoing, but the political implications of this incident are significant, as it raises questions about the accountability and regulation of cryptocurrencies in Argentina.<\/p>\n
<\/p>\n
At the time of writing, the memecoin is trading at $0.060, down over 90% from its all-time high reached on Valentine’s Day.\u00a0<\/p>\n
Featured image from DALL-E, chart from TradingView.com <\/p>\n","protected":false},"excerpt":{"rendered":"
An Argentine prosecutor has requested a judge to issue an Interpol \u201cRed Notice\u201d for Hayden Davis, an American citizen allegedly involved in the launch of the controversial LIBRA memecoin that has entangled Argentine President Javier Milei in a dramatic political scandal.\u00a0 LIBRA Memecoin Scandal The request, made by prosecutor Gregorio Dalb\u00f3n, reviewed by Fortune, accuses…<\/p>\n","protected":false},"author":1,"featured_media":3478,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[61],"tags":[1927,19,115,352,639,254,72,1928,1929,1930,1931,1932,1933,1461],"class_list":["post-3477","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-news","tag-argentina-crypto","tag-crypto","tag-crypto-news","tag-crypto-regulation","tag-crypto-regulations","tag-cryptocurrency","tag-cryptocurrency-market-news","tag-hayden-davis","tag-javier-milei","tag-libra","tag-libra-memecoin","tag-librausdt","tag-melania-memecoin","tag-trump-memecoin"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/3477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=3477"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/3477\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/3478"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=3477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=3477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=3477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}