The Chinese social media platform denied Tiktok this allegation made the purchase of the official memecoin of US president Donald Trump.
Official account with Tiktok policy was taken to X on Thursday at Refuse claimed that those with -owned it are buying the Official Trump (Trump) Memecoin In response to accusations by California Democratic Party Representative Brad Sherman.
Sherman had already claimed That “the Chinese owners of Tiktok have announced that they have purchased ‘Trump coins’ for $ 300 million.”
“The congressman, claiming that those who have a Tiktok buy ‘Trump Coins’ is a patent and no responsibility and not even accurately reflect a LETTer you Signed last month, “the Tiktok policy said in response to claims.
Link to Tiktok-connected firm sparks confusion
Sherman’s statements came in the middle of the news that Trump had signed Another executive command to delay the ban or sale of Tiktok.
The latest delay marked the third postponement, giving Tiktok another 90 days to find a consumer or banned in the US, According to In online reports.
Sherman emphasized that US laws Allow Only a single extension, focusing that Trump’s failure to enforce the ban on Tiktok was unlawful.
Sherman’s allegations seem to refer to reports about Tiktok-connected GD Culture Group announcing Plans to buy $ 300 million of Trump Memecoin and bitcoin (Btc) in May.
While there is no known formal relationship with Tiktok or its parent firm, bytedance, the NASDAQ culture listed in GD makes Artificial content enhanced by intelligence in Tiktok as one of its major operations.
Related: Trump announced the $ 57M crypto windfall from World Liberty Financial
“Trump creates ‘Trump Coins’ at no cost, which means it’s a $ 300 million bribe that goes right into his pocket,” Sherman said.
The community stands against Sherman
Some online commentators doubt Tiktok’s refusal, but many rejected Sherman’s allegations, Pag -Label They are unreliable.
The others too stated Doubts about the ability to create a cryptocurrency at no cost.
“No one wants to be banned by Tiktok, except for Israeli Lobby, aka your puppet masters. Why don’t you put a poll asking your constituents if they want to ban Tiktok,” another commentator Nakasa said.
In addition to criticizing Trump’s policy of Tiktok, Sherman has long been known for his anti-crypto positions, Call for a blanket ban on crypto in 2019.
Sherman’s hostile bearing in crypto is primarily centered around The potential of cryptocurrencies’ to cut off the US dollar.
However, the Trump administration has made a completely opposite crypto approach, which has pledged to Promote US dollar-pegged stablecoins as part of the US approach To strengthen US dollar sovereignty.
Magazine: China’s US Stablecoins threatened, G7 urged Lazarus Group: Asia Express
