WASHINGTON — The House Ethics Committee found that outgoing Rep. Madison Cawthorn “improperly promoted” a cryptocurrency in which he had a financial interest in violation of House conflict of interest rules, according to an 81-page report released Tuesday on the North Carolina Republican.
The panel’s members were unable to “reach a consensus” as to whether Cawthorn intended to personally profit from the promotion of the cryptocurrency but directed him to pay nearly $15,000, the approximate value of the gift he received, to an “appropriate charitable organization,” the report stated.
In response to separate allegations, the House ethics panel concluded that it found no evidence that Cawthorn, who lost in a primary earlier this year, had engaged in an improper relationship with a member of his congressional staff.
