Newly elected U.S. Rep Madison Cawthorn (R-NC) speaks as supporters of U.S. President Donald Trump gather by the White House ahead of Trump’s speech to contest the certification by the U.S. Congress of the results of the 2020 U.S. presidential election in Washington, U.S, January 6, 2021.
Jim Bourg | Reuters
Rep. Madison Cawthorn on Friday belatedly disclosed suspected cryptocurrency transactions that earlier this month led the House Ethics Committee to open an investigation into the North Carolina Republican’s possible promotion of an asset he secretly owned.
Cawthorn, 26, revealed Friday that he bought between $100,001 and $250,000 worth of “Let’s Go Brandon” cryptocurrency on Dec. 21. The transaction came eight days before he wrote a Dec. 29 Instagram post that said, “Tomorrow we go to the moon,” in response to a photo of him posing with co-founders of the coin.
A day later, the dollar value of that crypto — which is named after a derogatory phrase about President Joe Biden —...
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