TikTok has denied allegations regarding its purported purchases of the 'Trump Coins' memecoin made by Congressman Brad Sherman.
TikTok's Statement on Trump's Memecoin
TikTok posted a statement on X refuting the claims, stating, 'Congressman, claiming that the owners of TikTok are buying ‘Trump Coins’ is patently false and irresponsible.'
Congressman Sherman's Accusations
Brad Sherman previously alleged that 'Chinese owners of TikTok have announced they are buying ‘Trump Coins’ for $300 million.' This claim resonated widely, especially in light of news regarding Trump's executive order to delay the ban on TikTok.
Community Reaction
Some users expressed skepticism towards TikTok’s denial, but many defended the platform, labeling Sherman’s accusations as untrustworthy. The discussion touched upon not only the memecoin but broader concerns regarding Trump’s policies and cryptocurrencies.
The situation surrounding TikTok and Trump's memecoin continues to draw attention. While TikTok has categorically denied the accusations, debates regarding crypto regulation and the intersection of technology and politics remain pertinent.
