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Rep. Madison Cawthorn discloses Let’s Go Brandon cryptocurrency buy

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Madison Cawthorn (Republican-American) is elected as a new U.S. Rep. Before Trump’s address to challenge the U.S. Congress certificate of Trump campaign results in Washington, U.S.A, U.S. January 6, 2021, supporters gather at the White House. 

Jim Bourg | Reuters

Rep. Madison Cawthorn revealed on Friday suspected cryptocurrency transactions to which she was involved earlier in the month as the House Ethics Committee. open an investigation into his possible promotion of an asset He secretly had it.

Cawthorn (26 years old) revealed on Friday that he purchased between $100,001 to $250,000 of the “Let’s Go Brandon” cryptocurrency. He made the transaction eight days prior to writing a December 29 Instagram post in which he said “Tomorrow, we go to Mars.” In response to an image of Cawthorn posing alongside co-founders.

A day later, the dollar value of that crypto — which is named after a derogatory phrase about President Joe Biden — soared 75% on news of its sponsorship deal with a NASCAR driver.

According to Friday’s same filing, the first-term congressman had purchased between $100,001 & $250,000 worth “Let’s Go Brandon”, coin on December 31.

The sale could have recouped the minimum amount he paid for virtual currency prior to its explosion in price.

After NASCAR pulled its sponsorship agreement with Brandon Brown, the Let’s Go Brandon coin’s value plummeted.

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Cawthorn’s public disclosure of transactions happened four days following the House Ethic Committee’s announcement that they were investigating North Carolina Republican John Cawthorn over an Instagram comment he made about the “Let’s Go Brandon” coin.

Cawthorn was also late to reveal that he purchased between $1000 and $15,000 Ethereum currency in December 27th, and between $1001 and $250,000 Ethereum 31st.

The federal STOCK Act requires Congress members to report within 45 days the sale or purchase of stock, bond, commodity futures, and other securities.

Cawthorn made Friday’s disclosure five months after he disclosed the transactions.

Also, it arrived almost two weeks afterwards he narrowly lost a GOP primaryThe party denied him nomination for the second term,

CNBC reached Cawthorn’s spokesperson for no immediate comment.

Sen. Thom Tillis, R-N.C., in late AprilAfter The Washington Examiner published a report that Cawthorn might have violated laws prohibiting investors from making money on information not publicly available, the Ethics Committee was asked to investigate Cawthorn.

Cawthorn angered fellow Republicans in CongressIn fact, he claimed that older coworkers invited him to have orgies with them and used cocaine right in front of his face.

After the House Ethics Committee had announced its authorization for an investigation into Cawthorn on May 11, Blake Harp, Cawthorn’s chief of staff, said Monday that “we welcome the chance to prove Congressman Cawthorn did not commit any wrongdoing or that he was falsely charged by partisan enemies for political gain.”

Harp said, “Our office will not be deterred from accomplishing the mission the patriots in Western North Carolina sent to Washington for,” Harp continued.

Cawthorn posted Monday that Cawthorn had tweeted: “Wow, I still have a problem with the swamp!” They still want me!

Cawthown’s cryptocurrency comments are not the only thing being probed. The panel also said that Cawthown is under investigation for an “improper relation” with a member of his congressional staff.

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