The investigation also found that Cawthorn promoted the coin in photos and videos and encouraged others to invest in it as its value plummeted.
published by the panel on Tuesday “found substantial evidence that Representative Cawthorn promoted a cryptocurrency in which he had a financial interest in violation of rules protecting against conflicts of interest.”
The report notes that Cawthorn “reasonably relied on the advice of his accountant, who erroneously informed him cryptocurrency transactions did not need to be disclosed” to Congress.
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