The news follows Cawthorn’s narrow primary defeat to North Carolina state Sen. Chuck Edwards. Cawthorn’s loss came in no small part from a growing list of scandals that all too conveniently (for his Republican rivals) emerged in the days and weeks before the primary.
Some were weaker than others. One relatively serious claim centered around insider trading charges over an alleged pump-and-dump scheme involving a cryptocurrency stock.
The allegations, first published by the Washington Examiner, included the charge that Cawthorn might have implicated himself.
Yet Cawthorn’s post was from December and publically accessible for months. Which begs the question, why wasn’t this reported sooner?
Multiple government watchdogs told the Examiner at the time that the accusation warranted an inquiry by the Ethics Committee.
Among them was United States Senator Thom Tillis (R-N.C.).
The Washington Examiner has more on today’s vote:
The House Ethics Committee has voted unanimously to launch an investigation into Rep. Madison Cawthorn for his connection to an alleged cryptocurrency scam and a possible inappropriate relationship with a member of his staff.
“Pursuant to the Committee’s action, the Investigative Subcommittee shall have jurisdiction to determine whether Representative Madison Cawthorn may have: improperly promoted a cryptocurrency in which he may have had an undisclosed financial interest, and engaged in an improper relationship with an individual employed on his congressional staff,” the committee said in a press release.
Rep. Veronica Escobar (D-TX) will oversee the subcommittee, and the statement notes that an investigation is not a declaration of guilt.
The opinions expressed in this article are those of the author and do not necessarily reflect the positions of American Liberty News.