NASCAR eventually rejected Brown’s bid to make LBG his racing team’s sponsor. Watchdog groups told the Washington Examiner that Cawthorn’s post suggests he might have had insider knowledge about the meme coin’s sponsorship deal with Brown. The next day, NASCAR driver Brandon Brown announced that the coin would be the primary sponsor on his racing team, leading to a 75% spike in value. … Tomorrow we go to the moon!’ wrote Cawthorn, who said he owned the crypto, in a post on his Instagram page in December, according to a Washington Examiner report. Madison Cawthorn might have violated insider trading laws regarding a pump and dump situation with an altcoin called Let’s Go Brandon, or LGB. See also: Mark Cuban says crypto is going through a similar ‘lull’ to the early internetĬrypto is potentially playing a role in a different way in a North Carolina House Republican primary, where Rep. That he is giving money to Flynn because of his interest in pandemic preparedness, something that Flynn claims to have studied at the University of Oxford. It’s not clear if Bankman-Fried’s investment in Flynn is directly related to crypto - Bankman-Fried told the New York Times NYT, The super PAC has spent money on TV ads, radio ads and direct mail services on Flynn’s behalf, making the primary race for Oregon’s 6th congressional district the third most expensive House Democratic primary of this election cycle. And the super PAC (an independent political action committee allowed to raise unlimited sums of money from corporations, unions and individuals - but not permitted to contribute to or coordinate directly with parties or candidates) is mostly funded by FTX CEO and cryptocurrency billionaire Sam Bankman-Fried, according to a Politico report. In Oregon, a super PAC called Protect Our Future has spent nearly $11 million on the candidacy of Democratic House hopeful Carrick Flynn, according to Open Secrets, a site that tracks political donations.
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