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If there is genuine evidence of insider trading of using an information that someone knew that the general public traders didn't know, then you could have cases brought even if Libra isn't CE ing as a security. That's something that's a lot of people get wrong in crypto. Right? There are statutes in The US federal securities law that expressly prohibit insider trading of securities. Now that doesn't mean that if it's not a security, you can't be charged for insider trading. If you use information to trade an asset, a commodity, whatever, and that information wasn't public but you knew it, then
Hi, everyone. Welcome to Unchained, your no hype resource for all things crypto. I'm your host, Laura Shin. We are now featuring quotes from listeners on the show. Today, we have one from Mark Soares on x. Responding to my interview with Dio Casares about the Libra scandal, Mark writes, quote, I feel like meme coin as a term is the wrong one to use for these types of tokens. These are rug coins. There's nothing memeable about them. To have your comment featured, write a review of the podcast overall or leave a comment on our video on YouTube or x. This is the 02/21/2025 episode of Unchained. M
to be here.
Just a quick heads up, everybody. Due to schedules, Danny and I recorded on Wednesday evening. So if there are developments that happened on Thursday that are not mentioned in the show, that's why. The crypto world continues to be rocked by the Libra scandal, which is probably the first time in crypto, and in this case, it's a meme coin, that has caused a national scandal that also sparked a drop in that country's stock market. Danny, you broke the news this week that Hayden Davis of Kelsier Ventures had been bragging about his relationship with Argentine president Javier Mele. Tell us what yo
Yeah. So I've found that this guy who has already there are he had already publicly come out and said that he was behind the Libra token, that that being Hayden Davis of Kelsier Ventures. He had had gone on this weird media junket that honestly reminded me a lot about SBF's reaction after the fall of FTX. He went on this media junket where he basically said, I did nothing wrong, but there is all this money that I seem to be in control of, about around a hundred million dollars that he amassed because or through the launch of the Libra token and, at my understanding, selling his own stash of Li
Yeah. Well, as you were doing your research, I don't know how much you dug into his past, but based on that, like, do you would you just make a conjecture as to whether or not the bracking was not based in fact or whether it may have been based in
fact. Well, you know, I don't wanna I don't wanna say that anybody paid a bribe or didn't pay a bribe because I don't know for sure. Right? I just legally, I don't wanna accuse someone of doing that. But I will lean on what Hayden said he was doing, and at the very least, he was claiming to. I've heard from other people that I've spoken to that this guy was positioning himself as something like a fixer to the Argentine crypto world telling projects, look. If you want to have the access that you need, then you're gonna go through me, and maybe there will be some exchange of money. Now I don't k
For sure. And the other reason that text messages were so scandalous is because he said, I control that n word, and in that, he was referring to Argentine president Malay. So not not the way you would typically talk about a world leader.
No. No. Not at all. I think, though, that it feeds into or it supports an understanding that we have of t
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