TikTok denies TRUMP memecoin buys in reply to congressman’s accusations
Bitcoin hater Brad Sherman accused US President Donald Trump of accepting a $300 million bribe from TikTok, but TikTok denied it has anything to do with it.
Chinese social media platform TikTok denied allegations that it has made purchases of US President Donald Trump’s official memecoin.
The official TikTok Policy account took to X on Thursday to deny claims that its owners are buying the Official Trump (TRUMP) memecoin, responding to accusations by California Democratic Party Representative Brad Sherman.
Sherman had claimed that the “Chinese owners of TikTok have announced they are buying ‘Trump Coins’ for $300 million.”