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Cryptocurrency News Articles
United States Senator Jon Ossoff has voiced strong support for the impeachment of President Donald Trump, citing serious ethical concerns
Apr 27, 2025 at 02:00 pm
Speaking during an April 25 town hall in Georgia, where he is campaigning for reelection, Ossoff pointed to the President's promotion of exclusive access
United States Senator Jon Ossoff has voiced strong support for the impeachment of President Donald Trump, citing serious ethical concerns surrounding a planned private dinner for the leading holders of the Official Trump memecoin (TRUMP).
Speaking during an April 25 town hall in Georgia, where he is campaigning for reelection, Ossoff mentioned the president's promotion of exclusive access for memecoin investors as a basis for impeachment.
“I mean, I saw just 48 hours ago, he is granting audiences to people who buy his meme coin. When the sitting President of the United States is selling access for what are effectively payments, directly to him, there is no question that that rises to the level of an impeachable offense,” Ossoff stated, as covered by NBC News.
Despite his stance, Ossoff noted that impeachment proceedings are highly unlikely without a shift in congressional power. Currently, the Republican Party controls both the House of Representatives and the Senate. Ossoff highlighted that the Democratic Party would need to secure a majority in the 2026 midterm elections to take action.
The controversy arose from an April 23 announcement on the Official Trump memecoin website detailing plans for President Trump to host a private dinner at his Washington, D.C., golf club for the top 220 TRUMP token holders. A leaderboard was posted, and a registration portal opened on April 24.
Since the announcement, the TRUMP token has surged over 50% in value, according to data from CoinMarketCap. However, the guest list remains undisclosed.
Prospective attendees must pass a background check, cannot hail from countries flagged by Know Your Customer (KYC) watchlists, and are prohibited from bringing additional guests.
Responding to circulating social media rumors, the TRUMP team clarified on April 25 that holders do not need $300,000 worth of tokens to attend. Misinterpretations of blockchain data had led to confusion, as the “top 220” figure included locked tokens, exchanges, and non-participating accounts.
Legal experts have raised concerns over Trump's expanding cryptocurrency ventures, including the TRUMP memecoin and the affiliated decentralized finance (DeFi) platform, World Liberty Financial.
“Within just a couple of days of him taking office, he’s signed a number of executive orders that are significantly going to affect the way that our crypto and digital assets industry works,” noted Charlyn Ho, a partner at Rikka Law, in comments to Cointelegraph earlier this year. “So if he has a personal pecuniary benefit arising from his own policies, that’s a conflict of interest.”
The emerging entanglement between presidential policymaking and personal financial gain through digital assets is likely to fuel further scrutiny as Trump's second term progresses.
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- Could Dogecoin (DOGE) Price Chart Be Gearing Up for a Strong May? Historical Data Suggests It Might
- Apr 27, 2025 at 11:35 pm
- Looking at the Dogecoin (DOGE) price chart recently prompts only one question — could the major meme coin be gearing up for a strong May? Well, the historical numbers suggest it might.
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