United States Senator Jon Ossooff has expressed support for President Donald Trump's support during the April 25 Town Hall, citing the president's plan to post a private dinner for the leading officer holding the memecoin.
“I mean, I only saw 48 hours ago, he gives audiences to people who bought his meme coin,” said Ossoff, a Democrat, According to In an NBC News report.
“When the sitting president of the United States sells access for what effective payment directly to him. There is no question rising at the level of an inevitable offense.”
Senator Ossooff said “strong” supporting impeachment proceedings to a town town in the state of Georgia, where he was running for reelection in the Senate.
The senator added that an impeachment was not likely unless the democratic party was gaining control of Congress during the US Midterm election in 2026. Trump's own Republican Party is currently a majority in both the House of Representative and Senate.
Related: US lawmaker said Trump's coin could risk the national security
Conflicts of interest
On April 23, Trump (Trump) Memecoin's official website announced plans for Trump to have an exclusive dinner at his Washington, DC Golf Club with the top 220 holders of Trump.
The website subsequently posted a leaderboard monitoring of the top Trump purses and a link to register for the event. Trump's token price gained more than 50% from the announcement, according to data from CoinMarketCap.
The specific guest list is unclear, but the Memecoin website states that applicants must pass a background check, “cannot from a [Know Your Customer] Watchlist country, ”and cannot bring any additional guests.
On April 25, the team behind Trump denied gossip on social media that Trump holders needed at least $ 300,000 to participate in an upcoming dinner with the President.
“People improperly quoted #220 on Block Explorer as Cutoff. That's wrong because it includes things like locked tokens, exchanges, market manufacturers, and non -participating. Instead, you should just leave the leaderboard,” they wrote.
Legal experts Cointelegraph said the adventures of Trump's cryptocurrency, including Trump Memecoin and Trump associated with decentralized financial protocol World Liberty Financial, raised significant concerns about potential interests of interest.
“In just a few days when he is taking office, he signed a number of executive orders that will significantly affect the way our crypto and digital assets work,” Charlyn Ho of law firm Rikka told cointelegraph in February.
“So if he has a personal benefit of the odd one out of his own rules, that's a conflict of interest.”
Magazine: Crypto adventures of Trump's crypto raises conflict of interest, insider trading questions
