Most of the 90-odd guests at Donald Trump’s glitzy Christmas party in Naples, Fla., last December left with the ultimate GOP keepsake: a photo of themselves beside a smiling, thumbs-upping former POTUS.
But for Rep. Madison Cawthorn, the Republican firebrand from North Carolina, the night’s biggest souvenir was perhaps a crypto investment: the “Let’s Go Brandon” meme coin. (“Let’s Go Brandon” is Trump world shorthand for “f*** Joe Biden.”)
Crypto’s libertarian flair and the LGB project’s reputed donations to veterans’ groups intrigued the congressman, according to James Koutoulas, a hedge fund manager and key LGB backer who said he told Cawthorn about the coin at Trump’s party in Naples.
“He gave me a check a couple of weeks” later, after liquidating some assets, Koutoulas told CoinDesk in a phone call. The check was for about $150,000, Koutoulas said.
CoinDesk identified Cawthorn’s Ethereum network wallet by cross-referencing the public disclosures with on-chain data and confirming...
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