TikTok Denies Congressman’s $300M ’Bribe’ Claim Linked to Trump Meme Coin

BTCC / BTCC Square / Global Cryptocurrency /

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2025-06-20 12:37:01

TikTok has forcefully rejected allegations by Congressman Brad Sherman (D-CA-32) that its Chinese owners orchestrated a $300 million bribe through purchases of a Donald Trump-themed meme coin. The social media platform called the claim "patently false and irresponsible" in a public rebuttal.

The controversy emerges as President TRUMP granted TikTok a 90-day reprieve from a potential U.S. ban—a decision Sherman contends violates statutory limitations on extensions. While the TRUMP meme coin wasn't explicitly named in Sherman's accusation, the incident highlights growing political scrutiny of cryptocurrency's intersection with geopolitical tensions.

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