The $LIBRA Scandal Just Gets Worse

The Breakdown

Nathaniel Whittemore

Investing, Business

4.8 • 786 Ratings

🗓️ 20 February 2025

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

NLW brings you the latest updates in the LIBRA scandal, including some seriously gross text messages and the latest geopolitical machinations. Does this mean that memecoins are dead? That's the exploration. Sponsored by: Ledger Ledger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today.Buy now on Ledger.com. Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.3	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:18.4	What's going on, guys? It is Wednesday, February 19th, and today we are talking about an update in the Libra scandal, someone who's trying to bring back ICOs, and much, much more.
0:28.3	Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord.
0:36.8	You can find a link at the show notes or go to bit.ly slash breakdown pod.
0:40.9	All right, friends, well, the saga continues.
0:44.0	Argentinian president Javier Miele's meme coin scandal is going from bad to worse as more
0:49.1	details emerge.
0:50.5	Yesterday, we got even more insight into the way insider networks operate, and especially how they think.
0:56.3	And yikes, boy, if this is ever an argument for actually getting on the phone and talking.
1:01.1	Basically what happened is that text messages written by Hayden Davis of Kelsey Aventures were leaked to CoinDesk, showing an extremely ugly side of the conversation.
1:09.9	Davis was the self-styled Libra launch facilitator and
1:12.3	claimed to be an advisor to Miele. He was, of course, the insider who incriminated himself in an
1:16.5	interview with Kaffizilla on Monday. The text message is obtained by Coin Desk read, and I swear this is
1:21.4	not parody. Sweet, also we can have Miele tweet and meet in person and do promo. I control that N-word. The unidentified
1:28.9	recipient of the text message responded, that's effing sick. To which Davis continued, I send money to
1:33.6	his sister and he signs whatever I say and does what I want. Craziest shit. Davis has now obtained
1:39.2	PR representation, so let's quickly run through his official response. Davis claimed through his
1:43.9	representative that he had no
1:45.0	recollection of sending the text, nor does his phone have a record of it. The statement continues,
1:49.4	recent media reports claiming I paid President Javier Miele or his sister, Karina Miele, to launch the
1:53.9	Libra meme coin, are completely false. I never made any payments to them, nor did they request any.
	...

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