Representative Madison Cawthorn (R-N.C.) revealed in a filing on Friday that he had sold more than $250,000 worth of “Let’s Go Brandon” (LGB) meme cryptocurrency on Dec. 31, 2021, the day the value of the digital coin peaked before it lost much of its value.
At a party on Dec. 29, 2021, Cawthorn posed with LGB chief promoter James Koutoulas, posting a photo on his Instagram account with a comment “Tomorrow we go to the moon!” The next day, NASCAR driver Brandon Brown announced that the LGB coin would be his primary sponsor for the 2022 season, pushing up the digital currency’s value by 75 percent. According to Brown, his deal with LGB was negotiated directly by Koutoulas.
