According to Rudolph Giuliani, President Trump’s current lawyer, it doesn’t mean much. “There is no allegation of any wrongdoing against the president in the government’s charges against Mr. Cohen,” Giuliani said in a statement after Cohen’s guilty plea.
President Trump, who has denied knowing about the payments until after he was elected, appeared last night at a political rally in West Virginia, and he didn’t comment on Cohen’s plea. But this morning he tweeted, "Michael Cohen plead guilty to two counts of campaign finance violations that are not a crime.”
But many legal experts say the fact that Cohen told a federal court that Trump directed him to make these payments means that Cohen has implicated the president in a federal crime.
“The plea, under oath, establishes that the president was a co-conspirator in the campaign violations to which Cohen pleaded guilty,” says Philip Allen Lacovara, who served as counsel to special prosecutors investigating President Richard Nixon’s role in the Watergate scandal in the 1970s.
If Trump were a regular person, prosecutors could use Cohen’s admission as evidence to indict him, legal experts say. But the fact that Trump is a sitting president makes matters more complicated.
Although there is no explicit prohibition in the Constitution against indicting a president, the Justice Department has long taken the position that sitting presidents are not subject to criminal prosecution.
Prosecutors could choose to indict the president now if they think there’s enough evidence but postpone the legal proceedings until Trump is out of office. They also could wait until Trump is no longer president to pursue a legal case against him.
The final possibility is that prosecutors could turn their evidence over to lawmakers and let members of the House of Representatives consider impeachment, the constitutional process by which a president can be removed from office for “high crimes and misdemeanors.”