Clear Lens News

US Rep Madison Cawthorn Under Investigation For Promoting Meme Crypto Token


The House Ethics Committee launched a broad federal investigation into Rep. Madison Cawthorn, R-North Carolina, on Monday, following allegations that he engaged in insider trading and had a sexual relationship with his aide.

A subcommittee of the House Ethics Committee is looking into Republican Congressman Madison Cawthorn’s relationship with a staff member and whether he unlawfully promoted a cryptocurrency in which he may have had a hidden financial interest.

House Committee To Investigate Madison Cawthorn

A unanimously constituted investigative subcommittee, led by Democratic Congresswoman Veronica Escobar, announed on Monday that it will investigate the North Carolina Republican’s relationship with the staff employee and the cryptocurrency issues, according to the Democratic-dominated House Ethics Committee.


“Pursuant to the Committee’s action, the Investigative Subcommittee shall have jurisdiction to determine whether Representative Madison Cawthorn may have: improperly promoted a cryptocurrency in which he may have had an undisclosed financial interest, and engaged in an improper relationship with an individual employed on his congressional staff,” the Ethics Committee said in a statement.

Cawthorn, the Trump-backed youngest member of Congress, was defeated in his primary earlier this month. After a long line of controversies, including the two topics under investigation by the committee, he lost his May 17 primary race to Republican state Sen. Chuck Edwards.

Cawthorn owned and promoted the Let’s Go Brandon token one day before announcing a partnership with NASCAR driver Brandon Brown, according to sources. Right-wing slang for “F*** Joe Biden” has become “Let’s Go Brandon.”

According to the Washington Examiner, Cawthorn told his Instagram followers the night before the announcement, “LGB legends…. Tomorrow we go to the moon!” (The token skyrocketed in the headlines.) Since then, it has cratered.)

BTC/USD trades below $30k. Source: TradingView

“Insider trading by a member of Congress is a serious betrayal of their oath, and Congressman Cawthorn owes North Carolinians an explanation,” Tillis tweeted after the Washington Examiner piece was published. The House Ethics Committee should conduct a comprehensive and bipartisan investigation into the incident.” Read More at BITCOINISTCRYPTOCASTER® - DECENTRALIZED FREEDOM!

Please Read Essential Disclaimer Information Here.
© 2024 Crypto Caster provides information. does not provide investment advice. Do your research before taking a market position on the purchase of cryptocurrency and other asset classes. Past performance of any asset is not indicative of future results. All rights reserved.

Contribute to CryptoCaster℠ Via Metamask or favorite wallet. Send Coin/Token to Addresses Provided Below.
Thank you!
BTC – bc1qgdnd752esyl4jv6nhz3ypuzwa6wav9wuzaeg9g
ETH – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
MATIC – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
LITECOIN – ltc1qxsgp5fykl0007hnwgl93zr9vngwd2jxwlddvqt

Support CryptoCaster with any amount of Bitcoin by copying and pasting our Unstoppable Domain; villagewest.crypto in your sending wallet or crypto coin exchange.

Your contribution support will help in our growth, coverage, and global presence. CryptoCaster is a decentralized publisher “Covering a Global Evolution Re-defining Mediums Of Exchange”. We will continue to upgrade and create impactful sections to our lineup.
Any amount, as often as you can contribute will be greatly appreciated.
Every contribution, however big or small, is so valuable for our future. Thank you for your consideration and support!
Member of Global Meta Media Consortium℠

You may also like