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Market News

KIP Protocol Rejects Government’s ‘Viva La Libertad’ Claims

President Milei had briefly promoted the ‘Viva La Libertad’ project on social media before deleting the post to prevent speculation.

Written By:
Dishita Malvania

Reviewed By:
Dhara Chavda

Last updated: February 17, 2025 7:28 PM
Published 2025-02-17
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KIP Protocol Rejects Government’s ‘Viva La Libertad’ Claims

KIP Protocol has pushed back against the Argentine government’s claims about its role in the ‘Viva La Libertad’ project. In a strongly worded statement, the company dismissed what it called major inaccuracies in the official narrative.

The Argentine government stated that KIP Protocol representatives met President Javier Milei on October 19, 2024, to discuss launching a blockchain-based project. But KIP’s CEO, Julian Peh, says that’s just not true. He confirmed meeting Milei at the Tech Forum Argentina trade show, but only in a general business context. 

STATEMENT

(the following statement was drafted with help of legal counsel)

On 16 Feb 2025, the Office of the Presidency of the Argentine Republic released a statement (the “Statement”) in relation to the ‘Viva La Liberdad’ Project (the “Project”).

The Statement contains…

— KIP Protocol (@KIPprotocol) February 17, 2025

The conversation, he insists, focused on AI, technology, and investment opportunities; there was no mention of ‘Viva La Libertad’ or any cryptocurrency plans.

According to KIP Protocol, Peh was introduced to the President by event organizer Mauricio Novelli, who was never part of KIP Protocol. The conversation reportedly revolved around AI, technology, and foreign investment opportunities in Argentina. 

The controversy deepened when the government claimed that on January 30, 2025, President Milei met with Hayden Mark Davis, supposedly introduced by KIP Protocol as a key figure in the project’s infrastructure. KIP flat-out denied this, saying they had no knowledge of the meeting, no representatives present, and no prior business ties with Davis. 

The company stated that no representative of KIP Protocol was present at the Casa Rosada meeting and that it had no prior business relationship with Davis. “At no time was Davis an employee or representative of KIP Protocol,” the statement read.

The Argentine Presidency also mentioned that President Milei had briefly promoted the ‘Viva La Libertad’ project on social media before deleting the post to prevent speculation. The government’s statement suggested that this was a KIP Protocol initiative, but the company has rejected this narrative.

According to KIP Protocol, its role in the project was minor and only came into play after the token launch, which was led by Kelsier Ventures. The company emphasized that it did not initiate, manage, or profit from the token’s launch and was not even informed when the $Libra token went live. 

Adding to the confusion, Milei had briefly shared a social media post announcing the ‘Viva La Libertad’ project before deleting it to prevent speculation. The government implied this was a KIP Protocol initiative, but the company insists it had nothing to do with it. 

According to KIP, the project was led by Kelsier Ventures, and they were only brought in after the token launch. They emphasize they didn’t initiate, manage, or profit from the token launch and weren’t even informed when the $Libra token went live.

Also Read: Argentinian Lawyers sue President Javier over Libra Token Scam

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Dishita Malvania - Senior crypto journalist at The Crypto Times
By Dishita Malvania
Follow:
Dishita Malvania is a Crypto Journalist with 3 years of experience covering the evolving landscape of blockchain, Web3, AI, finance, and B2B tech. With a background in Computer Science and Digital Media, she blends technical knowledge with sharp editorial insight. Dishita reports on key developments in the crypto world—including Litecoin, WazirX, Solana, Cardano, and broader blockchain trends—alongside interviews with notable figures in the space. Her work has been referenced by top digital media outlets like Entrepreneur.com, The Independent, The Verge, and Metro.co, especially on trending topics like Elon Musk, memecoins, Trump, and notable rug pulls.
Dhara Chavda- Crypto Research Analyst at The Crypto Times
By Dhara Chavda
Follow:
Dhara Chavda is a Content Strategist and Research Analyst with 5 years of experience in the crypto industry. She holds a Bachelor’s degree in Computer Engineering and brings a strong technical perspective to her work. Dhara specializes in DeFi, price analysis, and the core mechanics of cryptocurrencies. She also works on crypto news, including research, analysis, and assigning stories, ensuring accurate and timely coverage of key developments in the space.

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