In a recent interview with a local media outlet, Hayden Mark Davis revealed additional details about his relationship with the former Argentine president's entourage. Davis said he was invited to eat a barbecue at the presidential residence, where they drank $20,000 wines with the former president's entourage. He also described a peculiar scene: the dogs at the residence participated in the event, eating large quantities of barbecue directly from the grill and drinking French water. "It was a surreal experience," Davis said. "We were all relaxed, enjoying a luxury dinner, while the dogs ate better than many Argentines. I never thought everything would fall apart like this."
These statements have added fuel to the fire, as critics question how an unofficial advisor could have had access to such luxuries and comforts within the presidential entourage, including the excessive treatment of pets. The Argentine government has yet to issue an official comment on these new revelations.
### Judicial Front in Argentina
The Argentine federal justice system, under the direction of prosecutor Eduardo Taiano since February 21, 2025, continues to advance a preliminary investigation against the former president, who is the only person formally charged so far. Reports have been requested from the Central Bank (BCRA), the National Securities Commission (CNV), the General Inspection of Justice (IGJ) and Google to track websites linked to $LIBRA. The Specialized Fiscal Unit on Cybercrime is looking for digital evidence. Although no records of visits to the Casa Rosada or international data on Davis have been requested, his name appears in chats and statements that link him to the presidential entourage, particularly to a woman close to the former president.
In a video posted on February 15, 2025 via Kelsier Ventures, Davis stated: “I am, indeed, an advisor to the former president. I am working with him and his team on larger tokenizations and cool things for Argentina.” However, he also accused the former president of abandoning the project: “He initially actively supported and promoted Libra Token on social media. His associates assured me that their support would continue, but they unexpectedly changed their position, withdrawing their support and deleting posts. This caused a wave of massive selling due to loss of trust.” The Argentine government denies that Davis is an official advisor.
### Judicial Front in the United States
The case has escalated internationally with a complaint filed by the Moyano y Asociados law firm before the US Department of Justice (DOJ), representing 40 affected investors, many of them Americans. The accusation targets the former president, Davis and other individuals for alleged violations of financial laws. Davis appears as a key player, and in messages revealed by CoinDesk in December 2024 he stated: "I control that black man. I send money to the woman close to him and he signs everything I say and does what I want," suggesting bribes to the woman close to the former president, although without definitive public evidence. In an interview with Coffeezilla on February 16, 2025, he defended himself: "I'm not a scammer. I did this on behalf of the former president. I am absolutely the victim," admitting to having earned some $110 million through insider trading, but denying that the former president had directly profited.
The DOJ has not yet confirmed whether it will investigate, given the sensitive nature of involving a foreign former president, but another US firm is seeking more victims, which could expand the case.
### Political and Social Impact
In Argentina, the opposition unsuccessfully attempted to create an investigative commission in the Senate (rejected on February 20, 2025) and proposed an impeachment trial with little chance of moving forward. The former president's image fell between 2.5% and 5% according to polls (CB Consultora and Taquion), although his support base is holding up. Davis described $LIBRA as a "pilot test" with plans to promote it alongside high-profile figures, but claimed that the former president "panicked" under "extreme political pressure" and withdrew his endorsement.
The government is downplaying the scandal, claiming the former president was scammed, not complicit. However, its initial 72-hour silence and weak explanations have been criticised as a strategic mistake. The former president is continuing his international agenda, travelling to CPAC in the US on 26 February with the woman close to him.
### Perspectives
The Libragate case is in an early but intense phase. In Argentina, progress depends on digital evidence and possible new charges, while in the US the DOJ will evaluate whether to act. Davis claims he was not comfortable transferring funds to the former president and proposed reinvesting up to $100 million in $LIBRA, but his credibility is in doubt after his contradictory statements. The case could escalate if more evidence emerges, such as the alleged payments to the woman close to the former president, and affect economic confidence in Argentina.
In short, Libragate combines an ongoing judicial investigation with claims by Hayden Mark Davis, who presents himself as a victim and points to the former president as responsible for the collapse of $LIBRA, while the Argentine government denies it. The new statements about the barbecue, the luxury wines and the excessive treatment of the farm dogs add another layer of complexity to the already complicated scandal. Is there any point you would like to explore further?