Madison Cawthorn is under investigation by the House Ethics Committee : NPR


Rep. Madison Cawthorn, R.C., seen here awaiting the State of the Union address in March, is facing insider trading allegations related to an anti-Biden cryptocurrency and having an inappropriate financial relationship with a staff member.

Saul Loeb/Pool/Getty Images


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Madison Cawthorn is under investigation by the House Ethics Committee : NPR

Rep. Madison Cawthorn, R.C., seen here awaiting the State of the Union address in March, is facing insider trading allegations related to an anti-Biden cryptocurrency and having an inappropriate financial relationship with a staff member.

Saul Loeb/Pool/Getty Images

Rep. Madison Cawthorn, RN.C., is being investigated by the House Ethics Committee, which will determine whether the freshman lawmaker broke the rules by promoting a cryptocurrency while having a personal financial interest invested in and engaged “in an inappropriate relationship” with a member of his staff.

The move comes less than a week after Cawthorn lost the Republican primary in North Carolina after weeks of scandals that drew backlash from Republicans on Capitol Hill.

Cawthorn’s office did not immediately respond to a request for comment.

The controversial congressman has faced insider trading allegations related to an anti-Biden cryptocurrency, the “Let’s Go Brandon” cryptocurrency. He also faced allegations of having an improper financial relationship with a staff member.

The ethics committee voted May 11 to form a four-member investigative subcommittee, according to a statement from the committee, that will lead the investigation into Cawthorn. Rep. Veronica Escobar, D-Texas, will chair the investigative subcommittee, with Rep. Michael Guest, R-Miss., as a ranking member. Representatives Lisa Blunt Rochester, D-Fla., and Michelle Fischbach, R-Minn., are the other two members of the panel.

“The Committee notes that the mere fact of establishing a sub-commission of inquiry does not in itself indicate that any violation has taken place,” according to the statement.

In addition to the allegations the House is investigating, Cawthorn has twice been charged with bringing a firearm into an airport, most recently in April, and driving while his license was revoked. He was also the subject of an obscene video that circulated just before the primary.

The ethics committee said it would not pursue an investigation into the charges of speeding and driving without a license, citing that the matter had already been dealt with by local authorities.

In a conservative podcast in March, Cawthorn spoke about being invited to what he described as cocaine-fueled orgies hosted by other lawmakers in Washington, which earned him a reprimand from the Republican leader of the Chamber, Kevin McCarthy.


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