Rep. Madison Cawthorn Under Investigation by House Ethics Committee

Then-Rep. Madison Cawthorn (R-N.C.) arrives for the State of the Union address at the U.S. Capitol in Washington, on March 1, 2022. Saul Loeb/Pool/Getty Images

Rep. Madison Cawthorn (R-N.C.) is being investigated by the House Ethics Committee over alleged insider dealing in cryptocurrency and an alleged improper relationship with one of his staff members.

The 10-member panel of the House Ethics Committee unanimously voted on May 11 to establish a subcommittee to investigate whether Cawthorn may have “improperly 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,” it announced Monday afternoon.