Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

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.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
United Nations Calls for Global Action Against Disinformation and Hate Speech Online
Tucker Carlson warns of an inevitable clash in Western societies over mass migration
OpenAI CEO Sam Altman praises the rapid progress of Chinese tech companies.
Poland's President Karol Nawrocki ENDS support for Ukrainian citizens:
Italy's PM Giorgia Meloni highlights record employment and economic growth
Chancellor Friedrich Merz Re-elected as CDU Leader, Opposes AfD Influence
Trump Directs Government to Release UFO and Alien Information
Trump Signs Global 10% Tariffs on Imports
UK Government Considers Law to Remove Prince Andrew from Royal Line of Succession
Two teens arrested in France for alleged terror plot.
US Supreme Court Voids Trump’s Emergency Tariff Plan, Reshaping Trade Power and Fiscal Risk
Greek Prime Minister Kyriakos Mitsotakis advocates for a ban on minors using social media.
Meanwhile in Time Square, NYC One of the most famous landmarks
Jensen Huang just told the story of how Elon Musk became NVIDIA’s very first customer for their powerful AI supercomputer
Former British Prince Andrew Arrested on Suspicion of Misconduct in Public Office
Former President Yoon Suk Yeol Sentenced to Life in Prison for Abuse of Authority
Unitree Robotics founder Wang Xingxing showcases future robot deployment during Spring Festival Gala.
German Chancellor Friedrich Merz calls for real name use on social media.
Italian Police Arrest Man After Alleged Attempt to Abduct Toddler at Bergamo Supermarket, Child Hospitalised With Fractured Femur
British Tourist Arrested at Hong Kong Airport After Meltdown and Vandalism
European Commission Plans Purchase Incentives Limited to Vehicles Manufactured Largely in the EU
French District of Pas-de-Calais Introduces Immediate License Suspension for Drivers Using Mobile Phones
Volkswagen Targets €60 Billion in Cost Reductions as Sales Decline and Global Pressures Intensify
Eighty-Year-Old Lottery Winner Sentenced to 16.5 Years for Drug Trafficking
Rubio Calls for Sweeping U.N. Reform, Saying It Has Failed to End Wars in Gaza and Ukraine
10,000 Condoms Distributed at Winter Olympics 2026 Athlete Village Depleted Within 72 Hours
Poland's President Advocates for Evaluating Independent Nuclear Weapons Development
Mayor of Serdobsk in Russia’s Penza Region Resigns After Housing Certificates Granted to Migrant Family Trigger Public Outcry
China’s EV Makers Face Mandatory Return to Physical Buttons and Door Handles in Driver-Distraction Safety Overhaul
UK Green Party Considering Proposal to Legalize Heroin for an Inclusive Society
OpenAI and DeepCent Superintelligence Race: Artificial General Intelligence and AI Agents as a National Security Arms Race
We will protect them from the digital Wild West.’ Another country will ban social media for under-16s
Heineken announces cut of 6,000 jobs due to declining beer demand
Apple iPhone Lockdown Mode blocks FBI data access in journalist device seizure
Belgium: Man Charged with Rape After Faking Payment to Sex Worker
KPMG Urges Auditor to Relay AI Cost Savings
Canada Opens First Consulate in Greenland Amid Rising Geopolitical Tensions
China unveils plans for a 'Death Star' capable of launching missile strikes from space
Investigation Launched at Winter Olympics Over Ski Jumpers Injecting Hyaluronic Acid
U.S. State Department Issues Urgent Travel Warning for Citizens to Leave Iran Immediately
Wall Street Erases All Gains of 2026; Bitcoin Plummets 14% to $63,000
Eighty-one-year-old man in the United States fatally shoots Uber driver after scam threat
Political Censorship: French Prosecutors Raid Musk’s X Offices in Paris
AI Invented “Hot Springs” — Tourists Arrived and Were Shocked
France Begins Phasing Out Zoom and Microsoft Teams to Advance Digital Sovereignty
Tech Market Shifts and AI Investment Surge Drive Global Innovation and Layoffs
Global Shifts in War, Trade, Energy and Security Mark Major International Developments
Markets Jolt as AI Spending, US Policy Shifts, and Global Security Moves Drive New Volatility
Tesla Ends Model S and X Production and Sends $2 Billion to xAI as 2025 Revenue Declines
Starmer Signals UK Push for a More ‘Sophisticated’ Relationship With China in Talks With Xi
×