The President of Argentina, Javier Milei, is facing a wave of criticism after promoting the meme coin LIBRA on social media. Just a few hours later, he deleted the post and claimed to know nothing about this project. However, the incident quickly escalated into a crisis, with many figures accused of being behind LIBRA. So who is really responsible?
1. Julian Peh - CEO of KIP Protocol
Julian Peh, the founder #KIPprotocol , is being viewed as one of the key figures related to LIBRA. His company specializes in AI and was previously invited by President Milei to join the Blockchain Committee of Buenos Aires. Peh denies any involvement with LIBRA and claims that Hayden Davis is the one controlling the project's funds.
2. Hayden Davis - CEO of Kelsier
Davis is the most controversial figure, claiming to have influence over the President #Milei . He has also been accused of controlling 100 million USD related to LIBRA but stated that "it belongs to Argentina." While Davis insists he only plays a role in ensuring liquidity, many suspect he is directly involved in the plans for issuing LIBRA.
3. Mauricio Novelli & Manuel Godoy - Tech Forum Argentina
Novelli is a professional trader and is believed to be the one who proposed the idea of LIBRA to KIP Protocol. Meanwhile, Godoy is a #Youtuber finance expert and also has a close relationship with President Milei. Both have connections to the Argentine government and have appeared at events alongside Milei.
Who will be held accountable?
Currently, all parties deny involvement or blame each other. KIP Protocol claims that Novelli was the one who proposed LIBRA, while Davis emphasizes that he is merely the one executing the launch strategy. Meanwhile, Milei denies involvement and asserts that he knows nothing about this plan.
Regardless of who is behind LIBRA, this incident has raised doubts about transparency in crypto projects related to politics. Is anyone responsible? Or is it all just a blame game?