{"id":158111,"date":"2022-05-23T22:53:35","date_gmt":"2022-05-23T22:53:35","guid":{"rendered":"https:\/\/precoinnews.com\/?p=158111"},"modified":"2022-05-23T22:53:35","modified_gmt":"2022-05-23T22:53:35","slug":"embattled-u-s-rep-cawthorn-faces-house-ethics-probe-after-election-defeat","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/embattled-u-s-rep-cawthorn-faces-house-ethics-probe-after-election-defeat\/","title":{"rendered":"Embattled U.S. Rep. Cawthorn faces House ethics probe after election defeat"},"content":{"rendered":"
FILE PHOTO: U.S. Rep. Madison Cawthorn of North Carolina speaks at the Conservative Political Action Conference (CPAC) in Orlando, Florida, U.S. February 26, 2021. REUTERS\/Octavio Jones\/File Photo<\/figcaption>

WASHINGTON (Reuters) -U.S. Representative Madison Cawthorn, a scandal-plagued Republican who lost his re-election bid last week, faced a congressional ethics probe on Monday into allegations that he may have engaged in insider trading and had an improper relationship with a staff member.<\/p>\n

In the House of Representatives\u2019 Ethics Committee announcement of the probe, it said its 10 bipartisan members had voted unanimously to form an investigative subcommittee on May 11.<\/p>\n

The ethics panel said the inquiry would seek to determine whether Cawthorn may have \u201cimproperly 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.\u201d<\/p>\n

The committee also cautioned that the decision to open an investigation \u201cdoes not itself indicate that any violation has occurred.\u201d<\/p>\n

Blake Harp, Cawthorn\u2019s chief of staff, said in a statement: \u201cWe welcome the opportunity to prove that Congressman Cawthorn committed no wrongdoing and that he was falsely accused by partisan adversaries for political gain.\u201d<\/p>\n

Cawthorn, at 26 the youngest member of Congress, lost his bid for re-election to state Senator Chuck Edwards in North Carolina\u2019s Republican primary, after a string of self-inflicted controversies turned major figures in the party against him.<\/p>\n

The Washington Examiner reported in April that watchdog groups believed Cawthorn may have violated federal insider trading laws by promoting a cryptocurrency coin mocking President Joe Biden.<\/p>\n

Cawthorn\u2019s re-election campaign had been riddled with embarrassing episodes including a nude video, his own claim that he was invited to a cocaine-fueled Washington orgy by leaders he respected, two attempts to carry a gun onto an airplane and his description of Ukrainian President Volodymyr Zelenskiy as a \u201cthug.\u201d<\/p>\n

Cawthorn was once seen as a rising star of the Republican Party and had been a staunch ally of former President Donald Trump, who had endorsed his re-election bid.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

FILE PHOTO: U.S. Rep. Madison Cawthorn of<\/p>\n","protected":false},"author":3,"featured_media":158110,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"\nEmbattled U.S. Rep. Cawthorn faces House ethics probe after election defeat - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/markets\/embattled-u-s-rep-cawthorn-faces-house-ethics-probe-after-election-defeat\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Embattled U.S. Rep. Cawthorn faces House ethics probe after election defeat - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"FILE PHOTO: U.S. Rep. 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