PanamaTimes

Wednesday, Apr 23, 2025

Scandal-plagued Republican Rep. Madison Cawthorn failed to report another trade of 'Let's Go Brandon' coin — a violation of the federal STOCK Act

Scandal-plagued Republican Rep. Madison Cawthorn failed to report another trade of 'Let's Go Brandon' coin — a violation of the federal STOCK Act

Scandal-plagued Republican Rep. Madison Cawthorn just violated a federal conflict-of-interest law for the third time this year, according to an Insider review of congressional financial disclosures.
Cawthorn's latest personal financial disclosure, mandated by federal law, shows he sold an amount of "Let's Go Brandon" coin valued between $15,001 and $50,000 in January. He waited until earlier this month to report the trade, in violation of the federal Stop Trading on Congressional Knowledge Act of 2012. 

The law, in part, requires members of Congress to report financial trades made within 45 days, or risk facing a penalty — the typical fine is just $200.

Aides for Cawthorn did not respond to Insider's request for comment.

Cawthorn first violated the STOCK Act in May, as he was months late disclosing hundreds of thousands of dollars worth of purchases and sales of cryptocurrency ethereum and Let's Go Brandon coin.

Then, in June, he was again late in disclosing two-dozen more cryptocurrency trades.

Regarding his investments in Let's Go Brandon coin, a name designed to insult President Joe Biden, the House Ethics Committee fined Cawthorn more than $15,000 in December after investigating his ties to the cryptocurrency. The committee found that Cawthorn purchased the Let's Go Brandon coin on terms more favorable than available to the general public, a violation of House rules by accepting a gift.

The value of all Let's Go Brandon coins in circulation was more than $570 million at the end of December 2021, but its market cap dropped to $0 — literally worthless — by the end of January 2022. 

Cawthorn is among 77 members of the 117th Congress who violated the disclosure requirements of the STOCK Act, as documented by Insider as part of its "Conflicted Congress" investigative project. "Conflicted Congress" revealed numerous conflicts of interest in Congress, including by top congressional aides — Insider found that 182 senior-level congressional staffers had also violated the STOCK Act.

Cawthorn will not be returning for the 118th Congress — earlier this year, he lost in the Republican primary to Rep.-elect Chuck Edwards amid a series of scandals and opposition from his own party.

House Minority Leader Kevin McCarthy publicly admonished Cawthorn in March for speaking on a podcast about cocaine usage by Washington Republicans, and for noting he had been approached to join an orgy.

"I just told him he's lost my trust, he's gonna have to earn it back," McCarthy told reporters, according to Axios. "And I laid out to him everything that I find is unbecoming."

In April 2022, police cited Cawthorn for carrying a loaded handgun inside of the Charlotte Douglas International Airport — it was the second time he was caught trying to bring a firearm onto a plane during his time in office.
Comments

Brad 2 year ago
500 million federal/privateer banking cartels funded this FJB coin now $0.00

Newsletter

Related Articles

PanamaTimes
0:00
0:00
Close
Pope Francis: head of the Catholic church who pushed for social and economic justice
Cultural Battles in the Vatican: The Candidates in the Battle for the Holy See and Pope Francis's Testament
Global Leaders Pay Tribute to Pope Francis Following His Death
Wild Chimpanzees Observed Bonding Over Alcoholic Fruit
El Salvador Proposes Prisoner Exchange with Venezuela Amid Deportation Controversy
US Government Defends Deportation of Salvadoran National Kilmar Abrego Garcia
A casino in Mexico burns at the hands of cartels
Pope Francis Makes Brief Appearance at Easter Sunday Mass
"Some complain that we put thousands in prison. In reality, we set millions free."
US Judge Blocks Trump Administration's Rapid Deportation Policy
U.S. State Department Raises El Salvador’s Safety Ranking, Making It Safer Than France and Other European Nations
U.S. and Panama Finalize Defense Agreements Amid Canal Access and Chinese Influence Concerns
China Stands Firm Amidst Trade Disputes with the US: A Factual Analysis
Helicopter crashes from the sky in NYC with four people aboard.
Spain Encounters Nationwide Demonstrations Amid Rising Housing Crisis
Alisha Lehmann's Modeling Campaign and Public Controversy Stir Debate Ahead of UEFA Women's Euro
Global Markets Dive as U.S.-China Trade Disputes Intensify
Tom Cruise Honors Val Kilmer at CinemaCon
OpenAI Attains Unprecedented $40 Billion Investment
Argentina’s “Magician” or a PR Illusion? “Individuals Are Sifting Through Garbage and Resting on the Streets”
Ecuador Gears Up for Influx of US Military as Measures Intensify Against Violent Drug Cartels
The Trump Administration Withdraws Legal Status for More than 530,000 Immigrants from Four Nations.
Deportation of Alleged Venezuelan Gang Members to El Salvador Raises Legal and Human Rights Concerns
Leaders of the US and Ukraine Hold Constructive Discussion During Ongoing Crisis
US Federal Reserve Revises Down Economic Growth Projections Due to Tariff Ambiguities
EU Charges US Tech Giants with Violating Digital Regulations
Trump Administration's Deportation of Alleged Gang Members Sparks Legal Dispute
Intense Tornadoes and Dust Storms Result in 33 Deaths Throughout Central and Southern United States
CK Hutchison, led by Li Ka-shing, encounters backlash from China regarding the sale of Panama Canal ports to a consortium led by BlackRock.
Meta to Introduce Community Notes Feature in March as Part of New Content Moderation Approach
Trump's ambassador nominee confirmed Canada's sovereignty during trade disputes.
The ICC’s retaliation on behalf of drug traffickers against Philippine President Duterte, who took a stand against them and shielded 100 million Filipinos from the drugs-death trade—overlooking the reality that every triumph carries its own price.
Mark Carney Selected as Leader of Canada's Liberal Party, Poised to Assume the Role of Prime Minister
Pope Francis Displays Signs of Recovery, Yet His Hospitalization Persists.
Trump Administration Unveils Self-Deportation App for Undocumented Immigrants
Trump Administration Plans New Travel Ban Including Afghanistan and Pakistan
Global Scam Syndicate Capitalizes on Fraudulent Celebrity Advertisements to Deceive Thousands
Devastating Passing of 20-Year-Old American Bodybuilder Sparks Health Worries
Microsoft to Sunset Skype in May, Prioritizing Teams as Communication Evolves
Katy Perry Set to Join All-Female Crew for Blue Origin Flight
Apple Resolves iPhone Dictation Bug That Linked 'Racist' to 'Trump'
Proposal Introduced for $250 Bill Featuring Donald Trump
Research Examines Possible Connection Between COVID-19 Vaccines and Post-Vaccination Syndrome
Latin America News Update: Gatherings, Legal Conflicts, and Economic Developments
Vatican Declares Pope Francis' Health Status as 'Critical'
Mexico Suggests Constitutional Amendments to Protect Sovereignty Following U.S. Terrorist Labels on Cartels
Tequila Sector Faces Oversupply Challenge as Agave Prices Fall Sharply
Pope Francis Continues His Hospital Stay While Doctors Treat Complicated Infection
AI Giants Contest Nvidia's Supremacy with Emerging Chip Innovations
California's CalExit Movement Grows Momentum Amid Political and Economic Discourse in the State
×