On February 15th Mr Davis called himself “Javier Milei’s adviser” and said that he was “working with him and his team”. Mr Milei’s office has said the government has no connection to Mr Davis. This was not Mr Milei’s first brush with crypto controversy.

Javier Milei's controversial post "caused a political firestorm", said The New York Times, with opponents describing him as a "crypto scammer". On Friday, Milei, a former private sector economist, posted on X about the $LIBRA coin which he promised would help fund small businesses and start-ups.