Impeachment – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Mon, 28 Apr 2025 19:49:04 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Impeachment – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Democrat Senator Calls for President Trump’s Impeachment for Allegedly Using Memecoin To Grant Audiences: Report https://earlybirdsinvest.com/democrat-senator-calls-for-president-trumps-impeachment-for-allegedly-using-memecoin-to-grant-audiences-report/ https://earlybirdsinvest.com/democrat-senator-calls-for-president-trumps-impeachment-for-allegedly-using-memecoin-to-grant-audiences-report/#respond Mon, 28 Apr 2025 19:49:03 +0000 https://earlybirdsinvest.com/democrat-senator-calls-for-president-trumps-impeachment-for-allegedly-using-memecoin-to-grant-audiences-report/

Democrat Senator Jon Ossoff of Georgia is reportedly calling for Donald Trump’s impeachment, alleging that the president leveraged his memecoin to meet with certain people.

According to a new report by CNBC, Ossoff told attendees at a town hall that Trump has already met the standard to face impeachment, but told them such a move would not be possible without Democrats controlling the U.S. House of Representatives.

Ossoff says that Trump offering a seat at the dinner table to the top holders of his official meme asset as a means of gaining an audience is an impeachable action.

As stated by Ossoff,

“I saw just 48 hours ago, [Trump] is granting audiences to people who buy his meme coin. 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.”

Last week, it was announced that the top 220 holders of the Official Trump (TRUMP) memecoin would be invited to an exclusive Gala dinner event with the president on May 22nd at his private national golf club.

Ossoff says another impeachable offense by Trump was when he allegedly ignored court rulings, though Ossoff did not mention any specific cases. However, Trump was recently accused of ignoring a Supreme Court after it ruled he must facilitate the return of a man deported to El Salvador.

Other Democrat congressmen who have recently called for the President to be impeached include Representative Al Green of Texas and Representative Shri Thanedar of Michigan, according to the report.

For a sitting President to be impeached, the majority of the House and two-thirds of the Senate would have to vote for it.

TRUMP is trading for $14.79 at time of writing, a 4.4% decrease on the day.

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Senator Asks for Trump Impeachment Over Private Dinner with Top Meme Coin Holders https://earlybirdsinvest.com/senator-asks-for-trump-impeachment-over-private-dinner-with-top-meme-coin-holders/ https://earlybirdsinvest.com/senator-asks-for-trump-impeachment-over-private-dinner-with-top-meme-coin-holders/#respond Sun, 27 Apr 2025 09:06:42 +0000 https://earlybirdsinvest.com/senator-asks-for-trump-impeachment-over-private-dinner-with-top-meme-coin-holders/ U.S. Senator Jon Ossoff has voiced strong support for impeaching President Donald Trump, following revelations about a planned private dinner with top holders of the Official Trump meme coin.

Speaking at a town hall in Georgia on April 25, Ossoff criticized the president for what he described as “selling access” to his office.

“I saw just 48 hours ago, he is granting audiences to people who buy his meme coin,” Ossoff said, according to NBC News.

“When the sitting president of the United States is effectively accepting payments for access, that clearly qualifies as an impeachable offense.”

Senator Backs Trump Impeachment but Says Action Unlikely Without Democrat Majority

While Ossoff emphasized his firm backing for impeachment proceedings, he acknowledged that any such action would face significant hurdles unless Democrats regain control of Congress in the 2026 midterm elections.

Currently, Republicans hold the majority in both chambers.

The controversy stems from an April 23 announcement on the Official Trump memecoin website, which revealed plans for an exclusive dinner hosted by President Trump at his Washington, D.C. golf club.

The event is reserved for the top 220 TRUMP token holders, with the website posting a public leaderboard and registration details.

Following the announcement, the TRUMP token surged over 50%, according to CoinMarketCap.

Applicants for the dinner must pass a background check and cannot be from countries flagged under Know Your Customer (KYC) regulations. Additionally, no guests are permitted.

$TRUMP Token Team Denies $300K Requirement for Dinner with President

In a statement posted on April 24, the $TRUMP token team clarified that holders do not need to spend $300,000 to qualify for its “Dinner with President Trump” contest.

The team said that entry includes exchange and locked holdings not participating in the contest.

Eligibility is determined solely by registered users on the official leaderboard, which ranks time-weighted $TRUMP balances throughout the competition.

“People have been incorrectly quoting #220 on the block explorer as the cutoff. That’s wrong because it includes things like locked tokens, exchanges, market makers, and those who are not participating,” the team said.

The project emphasized that all participants must register to be counted. As of the announcement, the 220th-ranked participant held just over $400 worth of tokens.

The leaderboard is available at trumpdinner.gettrumpmemes.com.

Tokens from the cliff unlock and daily distributions will remain locked for an additional 90 days, the team said, extending past the competition period.

The post Senator Asks for Trump Impeachment Over Private Dinner with Top Meme Coin Holders appeared first on Cryptonews.

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Trump Token's 85% Weekly Surge Defies Democrats' Call for Impeachment, Massive Unlocks https://earlybirdsinvest.com/trump-tokens-85-weekly-surge-defies-democrats-call-for-impeachment-massive-unlocks/ https://earlybirdsinvest.com/trump-tokens-85-weekly-surge-defies-democrats-call-for-impeachment-massive-unlocks/#respond Sun, 27 Apr 2025 00:05:05 +0000 https://earlybirdsinvest.com/trump-tokens-85-weekly-surge-defies-democrats-call-for-impeachment-massive-unlocks/

TRUMP, the memecoin tied to U.S. President Donald Trump, is up about 16% in the last 24 hours, even as Democratic lawmakers cite the president’s involvement with the token as potential grounds for impeachment and after a massive unlock earlier in the month.

At a town hall on Friday, Sen. Jon Ossoff (D-Ga.) pointed to the crypto project offering its top holders an invitation to a dinner event with President Trump, calling it a clear case of selling access to the presidency, NBC News reports.

“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,” Ossify said.

U.S. Senators Adam Schiff (D-Calif.) and Elizabeth Warren (D-Mass.) also sent a letter on April 25 to the U.S. Office of Government Ethics asking for an investigation to determine if President Trump violated federal ethics rules by inviting top investors.

Read more: Dinner With the U.S. President? All You Need Is $420 Worth of TRUMP

The allegations stem from an announcement that a private dinner will be held on May 22, where the top 220 TRUMP memecoin holders can meet with the U.S. President.

Still, the TRUMP token has kept on rising. The memecoin surged over 70% after the event was announced and has already been up 85% over the last seven days.

The rise came even after the token saw a massive $320 million unlock earlier this month, significantly inflating its circulating supply. In less than three months, TRUMP token is set to endure an additional unlock of 25.1% of its current circulating supply, at the time of writing, worth nearly $780 million.

Despite the recent rise, the token is still down more than 77% from its all-time high above $70, which it saw shortly after launch. Its subsequent price plunge led to an estimated $2 billion of investor losses.

Read more: TRUMP Token Pops 12% After U.S. President Calls It ‘The Greatest of Them All’

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US Senator calls for Trump impeachment, cites memecoin dinner https://earlybirdsinvest.com/us-senator-calls-for-trump-impeachment-cites-memecoin-dinner/ https://earlybirdsinvest.com/us-senator-calls-for-trump-impeachment-cites-memecoin-dinner/#respond Sat, 26 Apr 2025 18:43:29 +0000 https://earlybirdsinvest.com/us-senator-calls-for-trump-impeachment-cites-memecoin-dinner/

United States Senator Jon Ossoff expressed support for impeaching President Donald Trump during an April 25 town hall, citing the President’s plan to host a private dinner for top Official Trump memecoin holders. 

“I mean, I saw just 48 hours ago, he is granting audiences to people who buy his meme coin,” said Ossoff, a Democrat, according to a report by NBC News. 

“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.”

Senator Ossoff said he “strongly” supports impeachment proceedings during a town hall in the state of Georgia, where he is running for reelection to the Senate.

The Senator added that an impeachment is unlikely unless the Democratic Party gains control of Congress during the US midterm elections in 2026. Trump’s own Republican Party currently has a majority in both the House of Representatives and the Senate. 

TRUMP holders can register to dine with the US President. Source: gettrumpmemes.com

Related: US lawmaker says TRUMP coin could risk national security

Conflicts of interest

On April 23, the Official Trump (TRUMP) memecoin’s website announced plans for Trump to host an exclusive dinner at his Washington, DC golf club with the top 220 TRUMP holders. 

The website subsequently posted a leaderboard tracking top TRUMP wallets and a link to register for the event. The TRUMP token’s price has gained more than 50% since the announcement, according to data from CoinMarketCap.

The specific guest list is unclear, but the memecoin’s website states that applicants must pass a background check, “can not be from a [Know Your Customer] watchlist country,” and cannot bring any additional guests.

On April 25, the team behind TRUMP denied social media rumors that TRUMP holders need at least $300,000 to participate in an upcoming dinner with the president.

“People have been incorrectly quoting #220 on the block explorer as the cutoff. That’s wrong because it includes things like locked tokens, exchanges, market makers, and those who are not participating. Instead, you should only be going off the leaderboard,” they wrote.

Law, Politics, Senate, Donald Trump, trumpcoin, Memecoin
The TRUMP token jumped on news of the private dinner plans. Source: CoinMarketCap

Legal experts told Cointelegraph that Trump’s cryptocurrency ventures, including the TRUMP memecoin and Trump-affiliated decentralized finance (DeFi) protocol World Liberty Financial, raise significant concerns about potential conflicts of interest. 

“Within just a couple of days of him taking office, he’s signed a number of executive orders that are significantly going to affect the way that our crypto and digital assets industry works,” Charlyn Ho of law firm Rikka told Cointelegraph in February. 

“So if he has a personal pecuniary benefit arising from his own policies, that’s a conflict of interest.”

Magazine: Trump’s crypto ventures raise conflict of interest, insider trading questions

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Argentina Opposition Threatens Milei With Impeachment Over LIBRA Token Tweet: Reuters https://earlybirdsinvest.com/argentina-opposition-threatens-milei-with-impeachment-over-libra-token-tweet-reuters/ https://earlybirdsinvest.com/argentina-opposition-threatens-milei-with-impeachment-over-libra-token-tweet-reuters/#respond Sun, 16 Feb 2025 20:03:57 +0000 https://earlybirdsinvest.com/argentina-opposition-threatens-milei-with-impeachment-over-libra-token-tweet-reuters/

Argentina’s President Javier Milei is facing impeachment threats after endorsing a cryptocurrency called LIBRA, purportedly intended to support small businesses, which instead crashed and lost billions of dollars in value within hours, according to Reuters.

In a now-deleted late Friday post on X, Milei promoted LIBRA as a privately run project designed to raise money for small and medium-sized Argentinian companies, adding that he doesn’t stand to reap personal gain from the project.

The token rapidly surged to a market capitalization of about $4.5 billion amid confusion over the legitimacy of Milei’s tweet, with speculation that his account may have been compromised or that scammers had deceived him.

Milei deleted the post five hours later, saying that he was “not aware of the details of the project” and, now informed, has chosen not to continue promoting it.

The market then panicked, with insiders cashing out $87.4 million worth of tokens, according to data sources Kobeissi Letter and Bubblemaps. The token’s market cap crashed 90%, erasing over $4 billion in market cap.

The country’s fintech chamber said the LIBRA case could potentially be a “rug pull,” in which developers abandon a project after taking in cash from the initial sale.

“This scandal, which embarrasses us on an international scale, requires us to launch an impeachment request against the president,” lawmaker Leandro Santoro, a member of the Argentine opposition coalition, said Saturday, according to Reuters.

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