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TikTok, did Trump acquire the meme coin: A response to the allegations came - Bitcoin news - Uzmancoin - Crypto and Blockchain
The social media platform TikTok, owned by the Chinese company ByteDance, continues to be a topic of discussion in the United States. Since last year, there have been considerations for its shutdown or the sale of its American rights, and a claim regarding a TRUMP meme coin has emerged. Congressman Brad Sherman, known for his opposition to crypto, alleged that TikTok purchased TRUMP meme coin worth 300 million dollars.
"Wrong and Irresponsible..."
A statement regarding the matter has been made by TikTok. The statement, which indicates that there is no such situation, said, "The congress member's claims are both incorrect and irresponsible..."
What did Sherman say?
For years, Sherman, who has opposed cryptocurrencies and argued that crypto should be completely banned in America, stated in a tweet he posted last night, "The closure of TikTok has been postponed for the 3rd time by Trump. Trump only has the authority for this once. This coercive law is illegal. Additionally, TikTok's Chinese owners announced that they would acquire 300 million dollars worth of Trump coin. This is a bribe."
Reason for connection...
The reason for Sherman’s claims was the announcement in May by the company GD Culture Group, which produces AI-supported content for TikTok, that it would purchase Bitcoin and Trump meme coin. The company had announced that it plans to raise funds through the sale of shares worth 300 million dollars.
The value of the company listed on Nasdaq is around 35 million dollars.
Published: June 20, 2025 14:06