US President Donald Trump told Republicans on Tuesday he could be impeached if the party loses the US midterm elections this year.
“You got to win the midterms, because if we don’t win the midterms, it’s just going to be — I mean — they’ll find a reason to impeach me,” Trump said in a speech to House Republicans on Tuesday. “I’ll get impeached.”
Trump’s approval rating has slid to 42% as voters feel the president isn’t doing enough to alleviate the rising cost of living, and the GOP’s base has been divided over his handling of the Epstein files.
Polls put the Democrats ahead in the midterms, and Polymarket betters put nearly 80% odds on the Democrats winning the House this year.
All members of the House and a third of the Senate are up for election in November, and Republicans losing control of one or both chambers would significantly impact the party’s policy agenda in the final two years of Trump’s term.
Key crypto legislation that Republicans want to pass is the highly anticipated crypto market structure bill that lays out how the sector will be regulated, which Senate Banking Committee Chair Tim Scott said was headed for another vote on Thursday next week.
Trump already twice impeached
Trump was impeached twice during his first term, the first in 2019, with charges of abuse of power and obstruction of Congress for allegedly pressuring Ukraine to interfere in the 2020 election.
Trump’s second impeachment was in mid-January 2021, just days before he left office after being defeated by Joe Biden, with a charge of inciting an insurrection after the US Capitol attack on Jan. 6 that year.
In both cases, the Senate had acquitted Trump.
It’s possible the Senate could acquit Trump again if he is impeached for a third time, as Polymarket odds put a 67% chance of Republicans retaining control of the Senate in the midterms.
Related: Crypto companies contribute $21M to Trump PAC ahead of US midterms
If Democrats control the House come November, successfully impeaching Trump could galvanize resistance to his agenda and gridlock Congress.
Many Democrats, such as Representative Sean Casten and Senator Jon Ossoff, have signalled that Trump should be impeached for his crypto dealings, which included hosting a private dinner for the top holders of his memecoin.
Trump has seen resistance to his crypto plans even within his own party, as last year, a conservative sect of the GOP held out on moving forward with a slate of crypto bills unless a ban on central bank digital currencies was added.
A deal was struck with the holdouts to add a CBDC ban to a must-pass defense bill to garner their support for the stuck bills, which included the GENIUS Act.
However, Republican leaders reneged on their promise and passed the defense funding bill without a ban on CBDCs, angering some in the party.
Magazine: Meet the onchain crypto detectives fighting crime better than the cops
Source: https://cointelegraph.com/news/trump-impeached-republicans-lose-midterms?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
