GOP colleague Rep. Madison Cawthorn of North Carolina is allegedly being investigated for his purchase of the “Let’s Go Brandon” cryptocurrency, a token that takes its name from a derogatory chant aimed at Joe Biden.
Did Madison Cawthorn Fail to Disclose His Buys?
The investigation is not occurring because he invested in the currency, but rather because he allegedly didn’t disclose the investment within a set period. Members of the U.S. Congress only have so much time to disclose their personal investments, whether they be stocks or cryptocurrencies, as part of what’s known as the STOCK Act, and it is being reported that Cawthorn missed the deadline.
Senator Thom Tillis of North Carolina is the one instigating the investigation, claiming on Twitter that Cawthorn is allegedly guilty of insider trading. He wrote:
Insider trading by a member of Congress is a serious betrayal of their oath, and Congressman Cawthorn owes North Carolinians an explanation. There needs to be a thorough and bipartisan inquiry into the matter by the House Ethics Committee.
Cawthorn was elected to his House seat in late 2020. He was only 24 years old at the time, making him the youngest member of Congress in over 50 years. Now at the age of 26, Cawthorn has several incidents under his belt that are potentially making other members of the U.S. body question his abilities and his status.
Not long ago, the young representative was cited for bringing a loaded gun into an airport. Prior, he had stated that he was invited by other members of the Republican Party in Washington to take part in drug use and sexual orgies. House Minority Leader Kevin McCarthy has rebuked these statements, claiming there is no evidence to suggest that what Cawthorn says is true.
Jordan Libowitz – spokesman for Citizens for Responsibility and Ethics in Washington – explained in an interview that the situation isn’t looking good for Cawthorn. He stated:
It certainly raises some eyebrows. We tend to hope that our representatives in the government act on a higher level, that even the appearance of financial impropriety can sometimes be as bad as the impropriety itself. At the very least, Cawthorn has an optics issue, and at the worst there’s a potential legal issue.
Angry Sentiment Towards Biden Is Growing
Let’s Go Brandon coin was created earlier this year. The currency gets its name from a chant that’s designed to hide what shouters are truly saying, which is “F*ck Joe Biden.” The phrase caught on after Biden’s embarrassing retreat in Afghanistan last summer which enabled a full takeover of the nation by the Taliban and left 13 American servicemembers dead.
The phrase takes aim at Biden and his growing incompetence. The chant has only gotten louder in the last six months following rising inflation, gas prices, and a weak response to the ongoing COVID pandemic.
Source: https://www.livebitcoinnews.com/madison-cawthorn-may-be-investigated-for-failing-to-disclose-lets-go-brandon-coin-purchases/