• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
TikTok and TRUMP Coin: Congressman’s Claim and Official Denial

TikTok and TRUMP Coin: Congressman’s Claim and Official Denial

user avatar

by Giorgi Kostiuk

6 hours ago

In a recent statement, Congressman Brad Sherman claimed that TikTok acquired TRUMP Coins worth $300 million. However, TikTok promptly denied these allegations.

Statement by Brad Sherman

Brad Sherman, U.S. Congressman, accused TikTok of purchasing $300 million in TRUMP meme coins. This allegation raises questions about TikTok's involvement in cryptocurrency, although there is currently no concrete evidence.

TikTok’s Response

TikTok officially denied the allegations, stating they are false and irresponsible. "Congressman, claiming that the owners of TikTok are buying 'Trump Coins' is patently false and irresponsible," - read the TikTok policy account.

Market Reaction and Community Response

Despite the accusations, the TRUMP meme coin showed only a minor increase of 0.7%. The broader crypto market, including Ethereum and Bitcoin, experienced no significant changes. The response from the community and regulators was subdued, with no comments from major crypto leaders.

The lack of evidence and minimal market impact suggest that this incident may not lead to significant financial or regulatory changes.

0

Share

Other news

Africa Emerges as a Leader in Digital Assets: Analysis and Trends

An analysis of the regulatory frameworks for digital assets in Africa based on Yellow Card's report. Africa is expanding its horizons in innovation and digital finance.

user avatarGiorgi Kostiuk

a few seconds ago

Kraken Introduces New Bitcoin Staking Service Using Babylon Technology

Kraken has launched a new bitcoin staking service, allowing users to earn a yield without moving their assets off the blockchain.

user avatarGiorgi Kostiuk

2 minutes ago

Tools for Humanity Completes Acquisition of Dawn Wallet

Details of the acquisition of Dawn Wallet by Tools for Humanity and its integration into the World App ecosystem.

user avatarGiorgi Kostiuk

2 minutes ago

TikTok Rejects Claims of $300M Trump Memecoin Investment

TikTok denies allegations of funding a Trump-affiliated memecoin made by Congressman Brad Sherman.

user avatarGiorgi Kostiuk

2 minutes ago

Discussion on Digital Asset Listing Regulations in Thailand: SEC Gathering Opinions

Thailand's SEC has opened public consultations on proposed amendments to digital asset listing rules, aiming for transparency and security in the crypto ecosystem.

user avatarGiorgi Kostiuk

2 minutes ago

Apple Considers Integrating Generative AI in Chip Development Process

Apple Inc. is exploring the use of generative AI to optimize chip design processes amid shifts in the technological landscape.

user avatarGiorgi Kostiuk

3 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.