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Cryptocurrency News Articles

Private Dinner for Crypto Holders Sparks Impeachment Push Against Trump

Apr 27, 2025 at 01:00 pm

At a town hall event in Georgia on April 25, Senator Jon Ossoff voiced strong support for impeaching President Donald Trump, criticizing the president's involvement with a cryptocurrency project tied to personal financial gain.

Private Dinner for Crypto Holders Sparks Impeachment Push Against Trump

A recent town hall event in Georgia saw Senator Jon Ossoff discussing his support for impeaching President Donald Trump. The topic arose as Ossoff, who is running for reelection to the Senate, criticized Trump’s involvement with a cryptocurrency project that is being linked to personal financial gain for the former president.

Discussing Trump’s plan to host a private dinner with the top holders of his TRUMP memecoin, Ossoff stated that it "really does cross a line." Alluding to the dinner as "selling access," Ossoff noted that it is an impeachable offense, especially considering that the payments are going to the president. Nonetheless, Ossoff acknowledged that such an impeachment effort is unlikely to succeed with the current Republican majority in Congress. It would likely require Democrats to regain control of Congress in 2026.

This discussion comes after the TRUMP token announced on April 23 an exclusive dinner with Trump at his Washington, DC golf club for the 220 largest TRUMP coin holders.

While the complete guest list is yet to be disclosed, participants will undergo a background check and need to meet the eligibility criteria specified on the project’s website. Following the announcement, the TRUMP token experienced a price surge of over 50%, as noted by data from CoinMarketCap.

In response to reports that invitees must hold at least $300,000 worth of TRUMP tokens to attend the dinner, the TRUMP team denied the claims. They clarified that only the active leaderboard rankings at the time will determine who is invited to the dinner.

Moreover, legal experts have expressed concerns over Trump’s expanding ties to cryptocurrency ventures. They highlight the potential for serious conflicts of interest as Trump could use his administrative role to personally benefit from his financial interests in projects like the TRUMP memecoin and World Liberty Financial. This becomes especially critical given Trump’s administrative influence over policies that impact the digital asset sector.

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