Trump has denied the affairs and responded to Cohen's guilty plea on Twitter Wednesday, saying the campaign finance violations are "not a crime".
Cohen's lawyer Lanny Davis on Tuesday said his client was "more than happy to tell the special counsel all that he knows" about a possible conspiracy to corrupt the American democratic system in 2016, as well as computer hacking.
Speaking on Wednesday, Lanny Davis also said Cohen would not accept a Presidential pardon from Trump, something Trump has previously hinted that he would use to get himself out of trouble.
His plea came as former Trump campaign chairman Paul Manafort was found guilty on eight charges in a separate financial fraud trial in Alexandria, Virginia, stemming from a federal investigation into Russian meddling in the 2016 United States election and possible coordination with the Trump campaign. " Trump declined to answer questions on Cohen". "Fake news and the Russian witch hunt..."
That is the same day that Cohen finalized a payment to Stormy Daniels as part of a nondisclosure agreement over an affair the adult-film star claims she had with Trump. In the recent flood of courtroom drama, which includes the recent sentencing of former Trump campaign manager Paul Manafort, this may not seem immediately noteworthy.
It was already clear, Davis said, that Trump "publicly cheered it on" - an apparent reference to then-candidate Trump's appeal to Russian Federation in July 2016 to "find the 30,000 emails that are missing". It's thought criminal charges are unlikely while he is president.
"Any effort to pardon Michael Cohen or Paul Manafort in and of itself would be a gross assault on the rule of law, and constitute high crimes and misdemeanors", Wyden said, quoting the prerequisite for impeachment in Section 4, Article 2 of the U.S. Constitution.
And while the president could theoretically be impeached, it remains a remote prospect in a Republican-dominated Congress where even Democrats are focused on letting Robert Mueller's Russian Federation probe play out.
The president has yet to say whether he would sit down with Mueller, though reports indicate that White House Counsel Don McGahn has been cooperating extensively with the investigation.
"'Justice" took a 12 year old tax case, among other things", Trump wrote on Twitter, "applied tremendous pressure on him and, unlike Michael Cohen, he refused to "break" - make up stories to get a "deal.' Such respect for a fearless man!"
Trump's lawyer Rudy Giuliani, said the Cohen plea deal wasn't related to Trump.
In that interview, Trump said the hush payments were financed with his own money - to which Cohen had access - and that while he had no knowledge of them at the time, he had since been fully transparent.
Cohen's accusation increases political pressure for Trump ahead of November's congressional elections where Democrats are trying to regain control of the House of Representatives and Senate. You know, they're still looking for collusion! "It is clear that, as the prosecutor noted, Mr. Cohen's actions reflect a pattern of lies and dishonesty over a significant period of time".
"On August 21, Michael Cohen made the decision to take legal responsibility and to continue his commitment to tell the truth".
Norman Eisen, a former special counsel to President Barack Obama for ethics and government reform, tweeted: "This is the worst hour of Trump's entire presidency - no, make that entire life".