Source: Cointelegraph
Original: “US Senator Calls for Trump Impeachment, Cites ‘Memecoin Dinner’ Incident”
US Senator Jon Ossoff expressed support for impeaching President Trump during a town hall meeting on April 25, citing the president's plan to host a private dinner for the main holders of the "Official Trump (TRUMP)" memecoin.
According to NBC News, the Democratic senator stated, "Just 48 hours ago, I saw him meeting with those who purchased his memecoin. When the sitting President of the United States effectively sells political access in this manner, it undoubtedly constitutes an impeachable offense."
Senator Ossoff, who is campaigning for re-election in Georgia, strongly expressed support for initiating impeachment proceedings at the town hall event. However, he added that unless the Democrats win control of Congress in the 2026 midterm elections, the impeachment case is unlikely to advance—currently, the Republican Party, to which Trump belongs, controls the majority in both the House of Representatives and the Senate.
Conflict of Interest
On April 23, the official website of the "Official Trump" memecoin announced that Trump plans to host a private dinner for the first 220 TRUMP holders at his golf club in Washington, D.C. The website subsequently released a ranking of TRUMP wallet holders and a link to register for the event. CoinMarketCap data shows that since the announcement, the price of the TRUMP token has increased by over 50%.
Although the specific guest list has not been disclosed, the website stated that participants must pass a background check, "must not come from [anti-money laundering] monitored countries," and cannot bring additional guests. On April 25, the TRUMP operations team refuted claims on social media that "one must hold at least $300,000 worth of tokens to attend the presidential dinner."
The team emphasized in a statement, "Some have mistakenly taken the #220 holding amount displayed on the blockchain explorer as a threshold. This algorithm is flawed as it includes data from locked tokens, exchanges, market makers, and other non-participating entities. The correct standard should refer to the official website's holding ranking."
Legal experts told Cointelegraph that Trump's cryptocurrency project—including the TRUMP memecoin and its associated DeFi protocol World Liberty Financial—raises serious concerns about conflicts of interest.
"Within just a few days of taking office, he has signed multiple executive orders that will deeply impact the cryptocurrency and digital asset industry," Charlyn Ho from the law firm Rikka said in an interview with Cointelegraph in February.
"If his policies can bring him personal financial benefits, that constitutes a conflict of interest."
Related: Solana (SOL) ecosystem lending protocol Loopscale suspends services following $5.8 million hack.
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