{"id":3606,"date":"2025-06-20T20:15:00","date_gmt":"2025-06-20T20:15:00","guid":{"rendered":"https:\/\/bitunikey.com\/news\/tiktok-slams-u-s-congressman-for-trump-memecoin-buy-accusations\/"},"modified":"2025-06-20T20:15:05","modified_gmt":"2025-06-20T20:15:05","slug":"tiktok-slams-u-s-congressman-for-trump-memecoin-buy-accusations","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/tiktok-slams-u-s-congressman-for-trump-memecoin-buy-accusations\/","title":{"rendered":"TikTok slams U.S. congressman for TRUMP memecoin buy accusations"},"content":{"rendered":"

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The TikTok official X account denies accusations from Congressman Brad Sherman alleging its \u2018Chinese owners\u2019 have bought $300 million worth of TRUMP memecoins to get Trump to prolong its extension.<\/p>\n

In a recent post<\/a>, the official account replied to Sherman that appears to criticize President Donald Trump\u2019s Executive Order to extend the deadline for TikTok\u2019s closure in the U.S for another 90 days\u00a0to find a buyer or be banned in the U.S. This marks the third time TikTok has been granted an extension to its deadline.<\/p>\n

Sherman argues that the White House is only allowed to offer up one extension, claiming that Trump\u2019s Executive Order<\/a> is \u201cillegal.\u201d Adding to that, he accused the social media platform of bribing the U.S. government by \u201cbuying \u201cTrump (TRUMP) Coins\u201d for $300 million.\u201d<\/p>\n

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Congressman, claiming that the owners of TikTok are buying “Trump Coins” is patently false and irresponsible and doesn\u2019t even accurately reflect a letter you signed last month. https:\/\/t.co\/8uxxPrKlzP<\/a><\/p>\n

\u2014 TikTok Policy (@TikTokPolicy) June 19, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

\u201cTrump creates \u201cTrump Coins\u201d at no cost, meaning this is just a $300 million bribe that goes right into his pocket,\u201d said Sherman in his post<\/a>.<\/p>\n

In response, the platform\u2019s official policy account immediately debunked Sherman\u2019s claims, stating that his accusations are \u201cfalse and irresponsible.\u201d<\/p>\n

\u201cCongressman, claiming that the owners of TikTok are buying \u201cTrump Coins\u201d is patently false and irresponsible and doesn\u2019t even accurately reflect a letter you signed last month,\u201d wrote the platform.<\/p>\n

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Why does Brad Sherman believe TikTok bought $300m TRUMP memecoins?<\/h2>\n

Congressman Brad Sherman\u2019s allegations apparently stem from a press release<\/a> by GD Culture Group, a Nasdaq-listed company that operates in the field of AI-generated content and e-commerce. On May 12, GD Culture announced that it would commit $300 million of its corporate funds into investing in TRUMP memecoins and Bitcoin (BTC).<\/p>\n

However, GD Culture itself has no known formal ties to TikTok, which is actually owned by a different company entirely. The platform is owned by China-based company ByteDance. So far, there has been no credible evidence that suggests ByteDance has ever purchased TRUMP memecoins or any cryptocurrency.<\/p>\n

In August 2024, GD Culture announced<\/a> that it would be launching its own TikTok account @streamlineainews. The account is dedicated to disseminating updates, insights, and trends about the world of artificial intelligence. This means that although GD Culture Group does have a connection to TikTok, it is not owned by ByteDance. GD Culture simply a client or user of the social platform.<\/p>\n

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