Rep. Cawthorn's Crypto Wallet Reveals Undisclosed Trades Amid House Ethics Investigation
Source: CoinDesk
Rep. Cawthorn’s Crypto Wallet Reveals Undisclosed Trades Amid House Ethics Investigation
The North Carolina firebrand is under investigation for allegedly “pumping and dumping” the “Let's Go Brandon” meme coin. CoinDesk found his Ethereum wallet.
By Danny Nelson
Jun 1, 2022 at 3:02 p.m. EDT
Updated Jun 1, 2022 at 3:46 p.m. EDT
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.
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CoinDesk identified Cawthorn’s Ethereum network wallet by cross-referencing the public disclosures with on-chain data and confirming the matches with people familiar with the trades. The public, transparent transaction history indicates that all told, Cawthorn likely lost money on his crypto trades despite early wins.
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Read more: https://www.coindesk.com/policy/2022/06/01/cawthorns-crypto-wallet-reveals-undisclosed-trades-amid-house-ethics-investigation/
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