Trump Memecoin Gala Dinner Triggers New Impeachment Demands

In a fiery town hall on Friday, Georgia Senator Jon Ossoff criticized President Donald Trump’s recent memecoin-linked event, saying it could be an “impeachable offense.” The senator’s comments have reignited debate over his ties to cryptocurrency and how they may conflict with his duties.

Gala Dinner for Memecoin Buyers

The controversy began after the TRUMP memecoin team announced that the top 220 token holders would be invited to a special gala dinner with the President at his golf club in Virginia on May 22. 

More exclusive than this, he announced that top 25 investors will be treated as VIP guests, which will include a private reception with the President and a tour of the White House. 

After this announcement the price of the Trump memecoin surged more than 40%, which resulted in increasing the president’s own crypto holdings.  

As per the reports, he and his fellow holders hold around 80 percent of the coin in the supply, which is now worth more than $10.8 billion. The coin is currently trading at $14.83 as per CoinMarketCap. 

Senator Ossoff: "This Looks Like Bribery"

Senator Ossoff, a Democrat, said the President is using his position to sell access — and that this crosses the line.

Ossoff said, "when the current President of the U.S. is distributing access for things which are going directly to him, there is no question of an impeachable offense level”. His comments were shared online by local political reporter Greg Bluestein.

While he does not directly profit from every token sale, critics argue that increased demand for the token raises its value, and therefore enriches him. That, they say, creates a conflict of interest and opens the door for potential bribery.

“He is granting audiences to people who purchase the memecoin that directly enriches him,” Ossoff added.

Ethics Concerns Around Trump’s Crypto Push

This isn’t his first crypto controversy. Since re-entering office, he has supported pro-crypto legislation and appointed regulators friendly to digital assets. At the same time, he and his family have become deeply involved in crypto ventures. These include:

  • A stablecoin company called World Liberty Financial

  • Crypto exchange-traded funds (ETFs)

  • A Bitcoin mining business

Two memecoins, including TRUMP and one named after the First Lady

Ethereum co-founder Vitalik Buterin and other critics have voiced concerns that his crypto actions benefit him personally while he holds public office.

Could Trump Be Impeached Again?

Trump has already encountered impeachment two times in his first term of presidency, although both times he was released by the Senate. 

While Ossoff says the latest memecoin dinner is enough to start new impeachment talks, the political reality makes it unlikely, at least for now.

"The only way to get what you want is to have a Democratic majority in the US House of Representatives," Ossoff said in his speech, adding that Republicans now hold the House and won't be approving another impeachment.

As he continues to push for America to become a “Bitcoin superpower,” his crypto dealings remain under intense scrutiny, both politically and ethically.


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