House Ethics Committee probes Rep. Madison Cawthorn for cryptocurrency promotion, relationship with staffer

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  • The House Ethics Committee is investigating Rep. Madison Cawthorne for potentially unfair promotion of cryptocurrency in which she may have an undisclosed financial interest.
  • The panel is also probing questions from North Carolina Republicans about whether he had an “inappropriate relationship” with a man employed on the Congressional staff.
  • Sen. Thom Tillis, RNC. previously sought investigation into a comment by Cawthorne he made promoting the Let’s Go Brandon coin, which was named for a derogatory phrase for President Joe Biden.
  • Cawthorne angered fellow GOP members of Congress by claiming that some of his former colleagues had invited him to orgasm and used cocaine in front of him.

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The House Ethics Committee is investigating controversial Representative Madison Cawthorne for potentially unfair promotion of cryptocurrency in which she may have an undisclosed financial interest, The panel revealed on Monday.

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The panel said the committee is also investigating the North Carolina Republican over the question of whether he had an “inappropriate relationship” with a person employed on the Congressional staff.

The Ethics Committee authorized the investigation by unanimous vote on 11 May. But the panel revealed it only six days later when the 26-year-old Congressman denied nomination to the GOP primary for a second term.

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The loss followed an embarrassing series of events for Cawthorne. Police in North Carolina accused him of carrying a loaded handgun at an airport and driving with revoked license, He also claimed that he was the victim of “blackmail” after a video was released that showed him naked in bed with another man.

kawthorne Also enraged fellow Republicans in Congress Earlier this year it was claimed that some of his old colleagues had invited him to orgasm and used cocaine in front of him.

Cawthorne’s chief of staff Blake Harp said in response to the ethics investigation, “We welcome the opportunity to prove that Congressman Cawthorne did no wrong and that he was falsely accused by partisan opponents for political gain. “

Harp said the investigation, which would be carried out by an investigative subcommittee set up for that purpose, “is a formality.”

“The Patriots from western North Carolina have sent us to Washington to get the job done,” Harp said.

Sen. Thom Tillis, RN.C. called on the ethics committee in late April to investigate Cawthorne for potential insider trading related to cryptocurrency. The Washington Examiner reported that Cawthorne may have broken laws preventing investors from profiting from non-public information.

The cryptocurrency at issue is Let’s Go Brandon Coin, named for its derogatory phrase against President Joe Biden.

In response to an Instagram post on December 29 that featured a photo of him with the co-founders of Coins, Cawthorne wrote, “Tomorrow we will go to the moon.”

The next day, team up for NASCAR driver Brandon Brown. announced That Let’s Go Brandon Coyne was signed as the team’s primary partner for the 2022 season. Following the announcement, the price of the cryptocurrency increased by over 75%.

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Soon after, the Let’s Go Brandon coin fell in price when NASCAR rejected its sponsorship deal with Brown.

Around the same time that Tillis urged an investigation into Cawthorne, the chairman of a political action committee filed an ethics complaint against him for allegedly failing to record financial disclosure of gifts and loans given to his scheduler, Stephen Smith. Of.

David Wheeler, president of the American Muckrakers PAC, also said in the complaint that, “Mr. Smith apparently lives with Representative Cawthorne and various social media postings by him indicate a personal relationship between them, separate from the employer’s professional relationship and Different. And the staff.”

A spokesperson for Cawthorne has said that Smith is Cawthorne’s cousin.

The House Ethics Committee said separately on Monday that on May 11 It voted against enlisting an investigative subcommittee to investigate Cawthorne on charges of misconduct for driving with a revoked license and speeding in North Carolina.

“Representative Cawthorn informs the committee that he has paid a fine to resolve a charge and intends to pay any penalty associated with the remaining charge,” the committee said in a report.

The Committee is of the view that it is sufficient to deal with the matter by the local authorities in view of the facts of the case.

Credit: www.cnbc.com /

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