House Ethics examines Madison Cawthorn on cryptocurrency and the relationship – Reuters

Representative-elect Madison Cawthorn, RN.C., will arrive for the House Republican leadership election at the Hyatt Regency on Capitol Hill on Tuesday, Nov. 17, 2020.

tom williams | Cq-roll Call, Inc. | Getty Photos

The House Ethics Committee is investigating the controversial Rep. Madison Cawthorn for her possibly inappropriate promotion of a cryptocurrency in which she has an undisclosed financial interest, the panel revealed Monday.

The committee is also investigating the North Carolina Republican if he has an “inappropriate relationship” with someone working on his congressional staff, the panel said.

The ethics committee allowed the investigation by a unanimous vote on May 11. But the panel only released it six days after the 26-year-old congressman nearly lost a GOP lead, denying him a nominations for a second term.

The loss followed a series of embarrassing events for Cawthorn. North Carolina police charged him with carrying a loaded handgun through an airport and driving with a revoked license. She also admitted she was “blackmailed” after the release of a video showing her naked in bed with another man.

Hawthorn also angered fellow Republicans in Congress earlier this year by claiming that some of his older colleagues invited him to orgies and used cocaine in front of him.

“We accept the opportunity to prove that Congressman Cawthorn has done nothing wrong and is wrongly accused by partisan enemies for political purposes,” Cawthorn’s chief of staff said, Blake Harp, in response to ethics. question.

Harp said the investigation, to be conducted by an investigative subcommittee convened for that purpose, is “a formality.”

“Our office has never stopped completing the work the Patriots sent us from Western North Carolina to Washington to do,” Harp added.

Cawthorn later tweeted: “Wow – I must have always had a problem with mud! They’re still chasing me!”

In late April, Sen. Thom Tillis, RN.C., has called on the Ethics Committee to investigate Cawthorn for possible insider trading related to cryptocurrency. The Washington Examiner reported that Cawthorn may have violated laws prohibiting investors from profiting from non-public information.

The cryptocurrency issued was the Let’s Go Brandon coin named after an insulting phrase to President Joe Biden.

In a Dec. 29 response to an Instagram post featuring a photo of him with the co-founders of the coin, Cawthorn wrote, “Tomorrow we go to the moon.”

The next day, NASCAR driver Brandon Brown’s team announced that Let’s Go coin Brandon had been signed as the team’s top partner for the 2022. season. After the announcement, the price of the cryptocurrency rose by more than 75%.

Learn more about CNBC’s political coverage:

Shortly after that, the price of the Let’s Go Brandon coin plummeted when NASCAR rejected its sponsorship deal with Brown.

At the same time Tillis called for an investigation into Cawthorn, the chairman of a political action committee filed an ethical complaint against him for allegedly failing to file financial information about of gifts and loans given by his planner, Stephen Smith.

David Wheeler, president of the American Muckrakers PAC, also said in the complaint that “Mr. Smith apparently lives with Rep. Cawthorn and various social media posts show a personal relationship between them separately and outside of professional relationship between employer and employee. ”

Cawthorn’s spokesman said Smith was Cawthorn’s cousin.

The House Ethics Committee said separately Monday that on May 11 it voted against creating an investigation subcommittee to investigate Cawthorn on misdemeanor charges of driving with a revoked license and driving in North Carolina.

“Rep. Cawthorn advised the committee that he was paying a fine to resolve one of the charges and that he intended to pay the fines associated with the remaining cases,” the committee said in a report.

“The Committee considers that the handling of this case by the local authorities is sufficient to look at the facts,” he added.

Leave a Comment