The post Georgia Senator Labels Trump’s $TRUMP Coin Dinner an ‘Impeachable Offense’ appeared first on Coinpedia Fintech News
Senator John Ossoff of Georgia is the latest Democrat in Congress who believes that US lawmakers should impeach Trump despite him barely reaching the 100-day mark in his current term. The comment comes after Trump offered a ‘Gala Dinner’ for the top 220 holders of his memecoin TRUMP.
“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 at a town hall on Friday.
Notably, the House of Representatives can vote to impeach any federal official, including the President, for treason, bribery, or high crimes and misdemeanors.
Impeachment Unlikely Without a Democratic Majority
Trump was impeached twice during his first term, but was acquitted both times by the Senate. To turn the US into a “Bitcoin Superpower”, he has appointed several pro-crypto regulators and called for crypto-specific regulations. However, Ethics experts have expressed concerns that his involvement in several crypto ventures could lead to serious conflicts of interest.
Impeachment is unlikely with Republicans controlling the House. Senator Ossoff says a Democratic majority is needed to change that.
Senators Call For Ethics Probe
Besides, CNBC reported that Senators Adam Schiff and Elizabeth Warren are calling for an ethics investigation into whether Trump broke federal ethics rules by offering exclusive access to his top TRUMP investors.
Senators wrote in a letter to the U.S. Office of Government Ethics that Trump may be engaged in “pay to play” corruption, selling presidential access for money or favors and personally benefiting, possibly even from foreign or corporate interests.
However, since Republicans control the government and with Trump’s appointee leading the ethics office, the investigation probably won’t go far.
Trump and his family are becoming increasingly involved in crypto, planning a new stablecoin, and have already earned over $350 million in fees from the TRUMP coin since its launch.