Texas Representative Al Green Calls for President Donald Trump's Impeachment Over Meme Coin Launch

Texas Representative Al Green has condemned President Donald Trump for promoting a “deregulatory pro-crypto agenda” amid launching a controversial meme coin, calling for his impeachment.

Texas Representative Al Green has called for President Donald Trump to be impeached over his “deregulatory pro-crypto agenda,” including the launch of a meme coin.

During a hearing of the House Financial Services Committee’s Oversight and Investigations Subcommittee on February 6, several Republican leaders claimed that the prior administration had targeted cryptocurrency through U.S. regulatory actions.

However, Rep. Green disputed this narrative, highlighting that the Federal Deposit Insurance Corporation (FDIC) and other financial regulators had issued warnings to financial institutions regarding potential business relationships with crypto firms, but did not instruct them to stop providing services.

“They were told to be careful. They were not told to stop,” said Shayna Olesiuk, the banking policy director at Better Markets, who testified at the hearing.

Rep. Green also pointed to the recent launch of a meme coin by President Trump just days before his inauguration on January 20, and suggested that lawmakers should focus on this matter.

The hearing centered on claims from industry executives that their access to traditional banking services was cut off because of their involvement with cryptocurrency.

This narrative gained steam after a Freedom of Information Act lawsuit filed by Coinbase revealed that the FDIC had sent letters to banks in 2022, advising them to “pause all crypto asset-related activity.”

At the hearing, Paul Grewal, Coinbase’s chief legal officer, slammed the government's strategy, describing it as “regulation by exhaustion.” He also accused the FDIC of misleading the public by asserting that crypto firms were entitled to the same banking services as other businesses, despite sending letters of concern to financial institutions.

In a Senate hearing on February 5, Acting FDIC Chairman Travis Hill announced that the agency is reconsidering its approach to cryptocurrency.

According to a press release from the FDIC, the agency disclosed 175 internal documents detailing past communications with banks regarding cryptocurrency, following a court order stemming from Coinbase’s lawsuit.

Meanwhile, on Wednesday, Rep. Green announced in the U.S. House that he will introduce articles of impeachment against President Trump for his reported plan to take control of the Gaza Strip.

The Texas Representative described the scheme as a “dastardly deed,” labeling it as a form of ethnic cleansing.