.SenThomTillis called on the House Ethics Committee to investigate allegations that his fellow North Carolina Republican, RepCawthorn, engaged in an insider trading scheme.
Multiple government watchdog groups told the Washington Examiner earlier this week that Cawthorn's public statement that he owns the Let's Go Brandon cryptocurrency meme coin, combined with his close relationship with the coin's ringleader, suggest the lawmaker may have had advanced nonpublic knowledge of a Dec. 30 announcement that caused the coin's value to spike by 75%.
— Senator Thom Tillis April 27, 2022 Tillis has criticized Cawthorn in the past, saying in late March that the freshman representative has"fallen well short of the most basic standards Western North Carolina expects from their representatives."Cawthorn was pictured posing with LGBCoin ringleader James Koutoulas at a party on Dec. 29. The North Carolina lawmaker responded to the picture on Koutoulas's Instagram page that evening, saying:"LGB legends. ...
LGBCoin was trading at about 93% below its peak price when Cawthorn said the coin was doing"very well" for him. Lawmakers are required to disclose if they purchase over $1,000 worth of any cryptocurrency, but Cawthorn has not filed any disclosures indicating he owns LGBCoin. However, experts said that even if LGBCoin isn't considered a security, that wouldn't render Cawthorn immune from insider trading laws.
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Sen. Thom Tillis calls for insider-trading probe of fellow N.C. Republican lawmaker Madison CawthornSen. Thom Tillis of North Carolina on Wednesday said fellow GOP lawmaker from his state — Rep. Madison Cawthorn — should face an insider-trading investigation, after a report raised questions about Cawthorn’s moves with LGBCoin, a cryptocurrency.
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Fellow NC Republican calls for insider trading probe of Rep. Madison Cawthorn's crypto holdingsThe allegations stem from Cawthorn's involvement with Let's Go Brandon coin, a cryptocurrency based on the conservative meme mocking President Joe Biden.
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GOP Senator Calls For Insider Trading Probe Of Rep. Madison CawthornCawthorn predicted the 'Let's Go Brandon' cryptocurrency would 'go to the moon' the next day, and sure enough it did.
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US Congressman Could Face Charges for Promoting a Crypto Pump and Dump SchemeCongressman Madison Cawthorn could face charges for violating insider trading laws after promoting a cryptocurrency pump and dump scheme.
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