Senator Ossoff Supports Impeachment Over Trump’s Memecoin Plans
US Senator Jon Ossoff has publicly called for the impeachment of President Donald Trump on grounds of moral misconduct in connection with Trump’s cryptocurrency actions. In a town hall event in Georgia on April 25, Ossoff condemned Trump’s proposals to invite the top 220 holders of his Official Trump (TRUMP) memecoin to a special dinner.
According to a report by NBC News, Ossoff said, “When the incumbent president of the United States is selling access for payments directly to his own benefit, it plainly constitutes an impeachable offense.” He argued that these actions undermine the integrity of the presidency and suggest that Trump cares more about personal financial gain than public service.
Despite his insistence, Ossoff conceded that impeachment would not be possible unless Democrats regain the majority in the House and Senate in the midterm elections of 2026. Republicans control the House of Representatives and the Senate, so it is difficult to go ahead with impeachment proceedings.
Conflicts of Interest Raise Legal Questions
The furore is caused by a post on April 23 on the Official Trump memecoin website. The site stated that Trump would invite only the top 220 TRUMP token holders for an exclusive dinner at his Washington, DC golf club. The announcement triggered a price surge in the token, whose price went up by more than 50% in following days, as recorded by CoinMarketCap.
Guests must pass a background check and cannot be from countries blacklisted by KYC regulations. TRUMP’s team also debunked rumors on social media, stating unequivocally that there is no requirement of a $300,000 minimum holding in order to attend.
Legal experts have raised an alarm over potential conflicts of interest. Law firm Rikka’s Charlyn Ho noted that Trump’s financial interests in cryptocurrency companies like TRUMP memecoin and World Liberty Financial could unfairly influence his executive decisions.
“If he is going to have a personal pecuniary benefit from his own policy, that’s a conflict of interest,” Ho cautioned.
