Senator Jon Ossoff Backs Impeachment of President Trump Over Memecoin Controversy

United States Senator Jon Ossoff voiced strong support for impeaching President Donald Trump during a town hall event held in Georgia on April 25. Ossoff, a Democrat currently seeking reelection, cited concerns over Trump’s involvement with a cryptocurrency project tied to his name. Ossoff Criticizes Trump Speaking to attendees, Ossoff criticized Trump’s plan to host a private dinner for the top holders of the Official Trump memecoin. “I mean, I saw just 48 hours ago, he is granting audiences to people who buy his meme coin,” Ossoff said, according to a report by NBC 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 that rises to the level of an impeachable offense,” he added. However, the Senator acknowledged that impeachment would be unlikely without a shift in Congressional power. At present, Trump’s Republican Party holds a majority in both the House of Representatives and the Senate. Ossoff suggested that real movement toward impeachment could only happen if Democrats gain control of Congress during the 2026 midterm elections. The controversy stems from an announcement made on April 23 via the Official Trump memecoin website. It revealed plans for an exclusive dinner at Trump’s Washington , D.C., golf club, inviting the top 220 TRUMP token holders. The website also launched a leaderboard to track wallet rankings and provided a registration link for potential attendees. Following the news, the price of the TRUMP token surged over 50%, according to CoinMarketCap data. While the guest list remains uncertain, the website specifies that participants must pass a background check, cannot hail from countries on Know Your Customer (KYC) watchlists, and are not permitted to bring guests. Experts Raise Alarm On April 25, the team behind TRUMP addressed rumors circulating online that individuals would need at least $300,000 worth of tokens to attend. They clarified that the cutoff should be determined using the leaderboard, excluding locked tokens, exchange holdings, and non-participating wallets. Meanwhile, legal experts have raised alarms about Trump’s deeper involvement in the crypto space. Charlyn Ho, a partner at law firm Rikka, warned that Trump’s personal financial interests through ventures like the TRUMP memecoin and the Trump-linked DeFi protocol World Liberty Financial could present serious conflicts of interest , particularly as the president signs executive orders impacting the digital assets sector. The post Senator Jon Ossoff Backs Impeachment of President Trump Over Memecoin Controversy appeared first on TheCoinrise.com .

Source: The Coin Rise