Sen. Jon Ossoff Calls for President Donald Trump's Impeachment

Ossoff, a Democrat from Georgia, voiced his concerns at a town hall, contending that Trump's act of selling access to him in exchange for payments made through his memecoin is an impeachable offense.

Senator Jon Ossoff is calling for President Donald Trump's impeachment for allegedly rewarding investors in his Official Trump TRUMP/USD meme coin with a gala dinner.

What Happened: Ossoff, a Democrat from Georgia, expressed his concerns at a town hall, stating that Trump's actions amount to selling access to him in exchange for investments in his meme coin. He argued that this is impeachable.

"He is granting audiences to people who purchase the meme coin that directly enriches him,” Ossoff said, according to Punchbowl News. "When the sitting president of the United States is selling access for what are effectively payments directly to him, there is no question that this rises to the level of an impeachable offense."

Ossoff's concerns were shared by other Democratic lawmakers. Representatives Adam Schiff (D-Calif.) and Elizabeth Warren (D-Mass.) requested that the U.S. Office of Government Ethics investigate Trump for a potential violation of federal ethics regulations over the private dinner event, reported CNBC.

The team behind the TRUMP meme coin later updated its terms and conditions to state that Trump may not attend the gala dinner and that the event may be cancelled or rescheduled at their discretion.

The top 220 cryptocurrency holders were invited to an exclusive dinner with Trump, while the top 25 holders were promised access to a VIP reception and White House tour, as well as limited-edition commemorative non-fungible tokens. The memecoin surged as much as 65% on the announcement.

The project, 80% of whose supply is controlled by an affiliate of the Trump Organization, maintains that TRUMP is not a political initiative or investment opportunity but an expression of support for Trump's ideals.

Trump has promoted the meme coin via his Truth Social account, deeming it "the greatest of them all" in March.

Related Link: Trump's Meme Coin Surges 65% As Investors Promise Exclusive Dinner With Former President

TRUMP Price Action: At the time of writing, TRUMP was exchanging hands at $14.92, up 11.35 in the last 24 hours and over 77% over the week, according to data from Benzinga Pro.