House Ethics Panel Fines Madison Cawthorn for Crypto Shenanigans
Just weeks before he’s set to exit Congress, the House Ethics Committee released its report Tuesday on Rep. Madison Cawthorn’s (R-NC) cryptocurrency scandal, ordering him to pay more than $14,000 toward a charity and a $1,000`fine following “substantial evidence” that he promoted a “Let’s Go Brandon” coin that he had an undisclosed financial interest in.
According to the 81-page report, Cawthorn had purchased a number of Let’s Go Brandon coins and urged another witness cited in the report to “pump this up so much” before publicly promoting the coin in an Instagram comment. But Cawthorn did not disclose his vested stake in the coin before publicly promoting it—a violation of House rules.
Cawthorn told investigators he meant to “publicly tell people” he owned Let’s Go Brandon coins, but evidently forgot.