On February 16, KIP Protocol, the main sponsor of LIBRA, issued a response to the "Official statement of the Office of the President of Argentina on the issuance of LIBRA tokens": "Mauricio Novelli is not a member of the KIP team, Novelli is the founder of Argentina Techforum, which KIP sponsored in October 2024. KIP Protocol has never had any meetings with President Javier Milei of Argentina in January 2025."