Javier Milei and Hayden Davis are reportedly having secret phone calls, and the Argentine president even promised to protect Davis from punishment. Just how close are they?

What started as another scammy memecoin launch has spiraled into one of Argentina’s biggest political scandals.

The $LIBRA token, promoted by President Javier Milei and tied to Hayden Davis of Kelsier Ventures, is now at the center of multiple investigations—with allegations of bribery, insider trading, and political corruption. Some are calling it “CryptoGate.”

Did Davis really have influence over Milei? Was the president’s sister involved in pay-to-play politics? Could Davis and Milei face legal action?

This week, Danny Nelson, managing editor for data & tokens at CoinDesk, joins to reveal what his reporting uncovered, from secret deals to political fallout—and why this scandal could change how people see memecoins forever.