Trump's Cryptocurrency Drops 1.29% Amid Impeachment Calls

Official Trump's latest price was $14.65, down 1.287% in the last 24 hours. The cryptocurrency has been in the spotlight recently due to a controversial event planned by Donald Trump. Democratic Senator Jon Ossoff has called for Trump’s impeachment, citing concerns over a planned private dinner for top holders of Trump’s personal cryptocurrency, TRUMP. Ossoff, who is running for re-election in Georgia, criticized Trump’s decision to offer exclusive access to top investors in his personal cryptocurrency, describing it as a clear case of “selling access” to the presidency.

Ossoff’s comments came during a town hall near Atlanta, where he emphasized that Trump’s actions could constitute an impeachable offense. The controversy centers around an event announced last week, where the top 220 holders of Trump’s personal memecoin, TRUMP, are invited to a private dinner at Trump National Golf Club in Washington, D.C. The gathering is scheduled for May 22 and also promises a VIP reception for the top 25 wallets. The Official Trump Memecoin website currently displays a leaderboard tracking eligible wallets.

Lawmakers and ethics experts have raised concerns that offering presidential access in exchange for cryptocurrency investments could violate federal ethics rules. Senators Elizabeth Warren and Adam Schiff have called for a formal ethics investigation, urging the U.S. Office of Government Ethics to review Trump’s involvement with the memecoin dinner event. In a letter sent the same day, they warned that selling exclusive access to the president in connection with a personal financial asset could breach ethics laws, bribery statutes, and the U.S. Constitution’s emoluments clause.

Warren and Schiff described the situation as a “grave” threat to public trust, stating that the American people deserve the unwavering assurance that access to the presidency is not being offered for sale to the highest bidder. They also expressed concerns that Trump “may be engaging in ‘pay to play’ corruption.” The senators added that this new scheme is demonstrative of Trump’s continued efforts to use his own name and likeness as President, as well as those of his family and the presidential office, for personal financial gain.

As of April 28, the TRUMP leaderboard shows that Tron founder Justin Sun holds the top spot after registering his HTX cold storage wallet for the exclusive dinner. According to blockchain data, Sun’s wallet currently holds around $18.91 million worth of TRUMP tokens. Other top wallets include one linked to MemeCore, a project known for developing meme-focused crypto assets, listed as MeCo, and another registered under Wintermute, a major algorithmic trading firm, listed as CASE.

The team behind the Official Trump Memecoin recently denied rumors that investors need to hold at least $300,000 worth of TRUMP to qualify for the dinner event. This clarification comes as the cryptocurrency community and political observers closely monitor the situation, with many questioning the ethical implications of such an event. The controversy surrounding the TRUMP memecoin and the planned dinner highlights the complex intersection of politics, cryptocurrency, and ethics in the modern era.