Hayden Davis, CEO of Kelsier Ventures, signed an agreement to advise Argentina on blockchain and artificial intelligence, officially designated as an honorary ("ad-honorem") advisor. According to published data, the agreement was signed two weeks before the launch of the Libra cryptocurrency and includes a non-disclosure clause.
President Javier Milei stated that his involvement with the project was incidental, while the document does not explicitly mention Libra. After Libra's launch, investors suffered significant losses exceeding $100 million, with the investigation overseen by Maximiliano Ferraro.
Who Is Hayden Davis and His Role in Argentina
Hayden Davis is identified in the agreement as CEO of Kelsier Ventures and appointed as an honorary advisor on blockchain and AI for Argentina. The agreement outlines the advisory areas where Davis was to provide professional support, emphasizing current trends in decentralization and technological modernization.
President Milei's Connection to the Libra Cryptocurrency
President Milei publicly claimed his involvement was accidental and not systemic. The document appointing Davis does not directly mention Libra; however, publications highlight a temporal proximity to the cryptocurrency's launch.
Details of the Agreement Between Milei and Hayden Davis
The agreement names Davis as an ad-honorem advisor and establishes an obligation to keep information confidential, except as required by law or authorized bodies. The document specifies the consultant's areas of work, in which he was expected to participate.
- Automation of smart contracts.
- Digitization of government documents.
- Development of digital innovation ecosystems.
- Training and upskilling in blockchain technology.
Additionally, the agreement emphasizes the strictest confidentiality regarding the contained information.
Legal Consequences and Criticism
The revelation of the agreement sparked criticism from local politicians and stakeholders, linked to previous investor losses in the Libra project. Several publications suggest these connections may be relevant to ongoing legal actions against Libra organizers in various jurisdictions.
Maximiliano Ferraro, who led the Libra investigation commission, commented on the pressure and secrecy surrounding the case, noting that new materials could be significant for ongoing proceedings.
Why This Matters
For miners in Russia, this agreement does not bring direct technological changes: it describes an advisory role and confidentiality obligations rather than altering cryptocurrency mining rules. Nevertheless, political and legal scandals around major crypto projects influence the overall agenda and increase regulators' attention to the industry.
If you hold assets or consider investing in projects with opaque structures, the existence of such agreements signals the need to verify documents and public statements of participants. At the same time, for everyday mining, the changes described here do not include technical innovations or protocol modifications.
What Should You Do?
A miner's actions depend on scale and goals, but basic steps are the same for everyone: monitor official announcements and trusted sources to respond promptly to legal changes. Keep records of your operations and contracts to have documentation ready and facilitate communication with authorities or lawyers if needed.
Also, maintain the security of your equipment and software, regularly update firmware and wallets, and when purchasing tokens or joining new projects, pay attention to transparency and confidentiality terms. These simple measures help reduce risks, even if political scandals around major projects do not directly affect your work.
FAQ
What connection was found between Milei and Libra? Publications indicate that Milei signed an agreement with Hayden Davis shortly before Libra's launch, suggesting a possible temporal link.
What does the agreement with Davis specify? The document appoints Davis as an ad-honorem blockchain and AI advisor and lists tasks including smart contract automation, document digitization, and digital ecosystem development; it also contains a strict confidentiality clause.
What legal consequences might arise? Connections between project participants and government figures appear in materials potentially relevant to ongoing legal proceedings against Libra organizers in various countries.
