- Jon Ossoff cites President Trump’s memecoin-linked dinner as grounds for impeachment.
- Legal experts warn of conflicts of interest tied to Trump’s cryptocurrency ventures.
What happened: Ossoff backs Trump impeachment over memecoin dinner
United States Senator Jon Ossoff has voiced strong support for impeaching President Donald Trump, following revelations about a private dinner planned for top holders of Trump’s cryptocurrency, the TRUMP memecoin.
Speaking during an April 25 town hall in Georgia, where he is seeking re-election, Ossoff said Trump’s actions amount to “selling access” to the presidency. “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 said, according to NBC News.
The controversial dinner will be hosted at Trump’s Washington, DC golf club for the top 220 holders of the TRUMP memecoin, according to the token’s official website. Participants must pass a background check and meet other eligibility criteria. Following the announcement, the TRUMP token’s price surged by over 50%, according to data from CoinMarketCap. The TRUMP team has denied reports that attendees must hold at least $300,000 worth of tokens to qualify, clarifying that eligibility is based on a public leaderboard and excludes locked tokens and exchange holdings.
Also read: Trump meme coin surges on promise of presidential dinner
Also read: Trump’s anti-DEI orders spark sector-wide backlash
Why it is important
The event has raised fresh concerns about conflicts of interest between Trump’s personal financial activities and his presidential powers. Legal experts, including Charlyn Ho of law firm Rikka, have warned that Trump’s ventures into cryptocurrency and decentralised finance (DeFi) could lead to direct personal gain from policies he oversees — a potential ethical violation. As Ho noted in Cointelegraph, Trump signed several executive orders impacting the digital assets industry within days of taking office.
Ossoff acknowledged that actual impeachment proceedings are unlikely unless Democrats reclaim control of Congress in the 2026 midterm elections, as Republicans currently hold majorities in both the House and the Senate.
The controversy underscores the growing entanglement between politics and digital finance — a trend that could reshape expectations around transparency and ethics in government.
