US Congress interrogates representative Madison Cawthorn for alleged participation in crypto program

US Congress interrogates representative Madison Cawthorn for alleged participation in crypto program

At some point this year, an investigation by the Republican Congress Member of Madison Cawthorn is expected, which will determine the extent of his alleged participation in a crypto-pump-and-dump program.

according to a On Monday, Cawthorn will be four members of the congress on Monday his opposite alleged participation When promoting, the crypto-scheme is suspected Let’s go Brandon.

"The committee notes that the mere fact of establishing a committee of investigation does not indicate that a violation has taken place," says the explanation.

The U.S. House's ethics subcommittee, chaired by the Texas Democrat Veronica Escobar, will check whether Cawthorn is running or not abused and promoted the project whether he may have had an "non-open financial interest".

Cawthorn is also examined with a congress employee because of his alleged "inappropriate relationship".

The project, known as let us go brandon , advertises for yourself as a decentralized ERC-20-meme token. The project is also intended to include an "anti-wal" dumping mechanism that forbids supporters of the foundation and owners of large bags to sell the token within a period of six months.

Since April 23, the token has lost 83 % of its value and was most recently traded for a fraction of a cent, close to zero. The token represents the Let’s Go Brandon movement, which, among other things, is a replacement Rights , and an allusion to US President Joe Biden. Its true meaning stands for "f— Joe biden".

an collective action against the founders of the token, accuses the founder, a Cawthorn, who has taken with them to that he " " Program. The Republican Senator Thom Tillis asked the Congress last month to examine cases of insider trade, and called for an answer from Cawthorn to the residents of North Carolina.

The 26-year-old, who became one of the youngest members of the congress, den> Party pre -election campaign lost last week in the rural 11th district of North Carolina with a narrow lead of around 1,500 votes.

politically titled Feuerbrand Cawthorn once celebrated as a rising star within the right -wing extremist parliamentary group of the Republican Party, which rode on the rock shots of Trumpism in his election in 2020.

kawdorn with his Republican colleagues when he indicated that some Republican Congressmen had invited him to an orgy.

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The Post-US Congress to Grill Rep. Madison Cawthorn Over Alleged participation in Crypto Scheme is not a financial advice.