U.S. President Donald Trump recently announced that he will host an exclusive dinner at his Trump National Golf Club in Washington, D.C. for the first 220 holders of the "Official Trump memecoin" (ticker: TRUMP). While this news initially excited the cryptocurrency community and boosted the TRUMP coin's price, it has also sparked a wave of opposition in American political circles.
Democratic Senator Calls for Trump Impeachment
According to an NBC report, Democratic Senator Jon Ossoff recently expressed support for impeaching Trump during a local town hall meeting, specifically regarding the planned private dinner for memecoin holders. He stated:
Just 48 hours ago, I saw him offering meeting opportunities to those who bought his memecoin. When the current U.S. President directly sells meeting opportunities, there is no doubt that this constitutes an impeachable offense.
Ossoff emphasized that the dinner not only involves potential conflicts of interest but may also violate federal ethics regulations, and he "strongly" supports initiating impeachment proceedings in Georgia, where he is running for Senate re-election.
Although Ossoff's criticism of Trump is not without merit, the current practical challenges to impeachment are not promising. Trump won the U.S. election while his Republican Party holds a majority in both the House and Senate. Ossoff candidly admits that unless the Democratic Party gains control of Congress in the 2026 midterm elections, impeachment proceedings will be difficult to advance.
Moreover, Trump has previously faced impeachment twice but was ultimately acquitted due to support from Republican senators, demonstrating his strong influence within the party. Legal experts also point out that even if an impeachment motion is proposed, without sufficient Senate votes, the chances of success are slim.
Blatant Corruption? Trump MEME Coin Dinner Sparks Controversy
In addition to Ossoff's criticism, opposition voices within American political circles are not uncommon. For instance, Senator Chris Murphy bluntly stated on social platform X: "This is the most blatantly corrupt thing a president has done." He, along with other Democrats such as Senator Elizabeth Warren and Representative Adam Schiff, have requested the U.S. Government Ethics Office to investigate whether this constitutes a corrupt act of "using public office for personal gain". Furthermore, Tony Carrk, executive director of the non-profit organization Accountable.US, criticized that Trump is "publicly inviting investors to bid for access to the president", effectively turning presidential authority into a personal business tool.
On the other hand, some cryptocurrency investors and Trump supporters highly praise this move. They believe Trump's action demonstrates his innovative thinking as the "Crypto President" and that by directly interacting with investors, he will truly drive the U.S. to become a "Bitcoin superpower". Eric Trump, representing the Trump organization, also expressed pride that the "TRUMP" memecoin has become the "current hottest digital meme", emphasizing the family's successful layout in the cryptocurrency field.
TRUMP Coin Surges Nearly 75% in 7 Days
According to the latest data from CoinGecko, motivated by the Trump dinner, the TRUMP coin has risen by 75.7% in the past week, currently trading at $14.93. While further price increases are not ruled out as the event continues to develop, investors should be cautious as memecoins inherently lack substantial value support, and negative news could potentially severely impact the TRUMP coin.
