Madison Cawthorn is facing an ethics complaint.
The STOCK Act's disclosure provisions appear to have been violated again.
Lawmakers are debating if they should be allowed to make certain financial trades.
According to a new congressional financial disclosure, Madison Cawthorn of North Carolina may have violated a federal conflict-of-interest law by failing to properly report purchases and sales of six types of cryptocurrencies.
According to his disclosure, which he filed with the US House of Representatives on Wednesday morning, the reported value of Cawthorn's trades is between $285,000 and $950,000.
Cawthorn said his trades took place in the first half of the year. He had no more than 45 days to publicly reveal them.
The value of his new trades are listed.
The price ranged from $116,000 to $265,000.
$61,000 to $215,000 is the amount of ether.
Solana was worth up to $195,000.
It was $47,000 to $170,000.
Let's Go Brandon is a coin.
There was a request for $3000 to $45,000.
Lawmakers are only required to report the value of the trades.
Cawthorn reported on Wednesday that he invested between $100,000 and $250,000 in a fund that tracks the performance of the S&P 500. This trade was disclosed on1-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-65561-6556
A request for comment was not immediately responded to.
There are financial disclosure problems he faces.
The young congressman, who lost his seat last month to a primary challenger, told Insider in May that he bought up to $250,000 in "Let's Go Brandon" coins.
He held on to some of his stake in the coin despite selling it on December 31. He didn't report the transaction until four months later.
While it's not illegal for Cawthorn to buy or sell the cryptocurrencies, he reported each of the transactions more than six months after making them.
Conflicts of interest are protected by the law.
The House Committee on Ethics told lawmakers and congressional staffers that disclosure of ownership interests of virtual currency must be included in financial disclosures.
Under congressional rules, Cawthorn could face a minimum fine of $200, but the House Committee on Ethics could waive it for him.
Cawthorn's financial trades were investigated by the House Committee on Ethics.
The " Conflicted Congress" project and other news outlets have identified 63 members of Congress who have violated the STOCK Act. The disclosure provisions of the STOCK Act have been violated by 182 congressional staffers.
Both Democrats and Republicans had conflicts of interest.
The Washington Examiner reported that the "Let's Go Brandon" coin purchase may be in violation of insider-trading laws. It would be up to the Justice Department and the Securities and Exchange Commission to investigate.
During his short time in office, Cawthorn has faced a lot of controversy. He was cited for carrying a loaded gun at the airport.
He tried to bring a gun onto a plane in his carry-on luggage, but was not charged.
Kevin McCarthy rebuked Cawthorn after he said that he had seen Washington Republicans use cocaine and that he had been asked to participate in an orgy.
Cawthorn was defeated in the Republican primary. Cawthorn was defeated by a state senator.
Business Insider has an article on it.
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