released Tuesday. That conduct, the report found, included “his repeated and knowing promotion of a cryptocurrency in which he held a financial interest.”
The committee also accepted other findings and recommendations from a investigative subcommittee — led by committee chairwoman Rep. Veronica Escobar, D-Texas, ranking member Rep. Michael Guest, R-Miss. — that located no evidence Cawthorn had an improper relationship with a staff member.of Cawthorn on the matters a week after his primary defeat to state Sen. Chuck Edwards, who went on to win the general election for a western North Carolina seat last month.
But the actual value of the amount of LGB Coin at the time he received it was more than what he had paid, according to the report, which called it an improper gift. That prompted the committee to direct Cawthorn to give $14,237.49 to charity. Cawthorn also had been in photographs and videos encouraging people to purchase LGB Coin. The subcommittee said it didn’t reach a consensus on whether Cawthorn intended to profit personally from those promotions. And while the subcommittee found he violated ethics law by failing to disclose timely his investment, it decided the failure wasn’t knowing or willful, declaring he was misinformed about relatively new requirements related to cryptocurrency.
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