TikTok in $300M TRUMP Token Firestorm: Lawmaker Accuses Platform of Political Bribery

TikTok finds itself in hot water as a US congressman drops a bombshell allegation—a $300 million TRUMP token 'bribe' to sway political tides. The social media giant pushes back hard, but Washington isn't blinking.

Here's the explosive showdown shaking Capitol Hill and crypto markets alike.

When memecoins meet politics: The $300M question

Sources claim the controversial TRUMP token—already a lightning rod—became the center of a backroom deal gone viral. TikTok's parent company ByteDance reportedly funneled the eye-popping sum through dark wallets, targeting key decision-makers ahead of critical legislation.

The platform's defense? A terse statement calling the claims 'categorically false' while TRUMP token volatility spikes 400% on the news. Crypto traders, ever the opportunists, are already long the drama.

Washington's crypto cold war heats up

This isn't just another crypto scandal—it's a direct hit on Washington's growing techlash. The same lawmakers who couldn't define a blockchain last year are now holding hearings on 'digital asset corruption.' Irony's dead, but the political theater lives on.

Meanwhile in finance circles: Hedge funds quietly add 'political bribery risk' to their crypto valuation models—right between 'Vitalik tweets' and 'exchange hacks.' Priorities.

Trump’s crypto ties trigger ethics concern

Beyond TikTok, the TRUMP memecoin itself is drawing scrutiny from the industry.

The token, promoted by the Trump family, has sparked growing concerns over conflicts of interest. Critics warn that a president with direct or indirect ties to digital assets could face serious questions about ethics, transparency, and foreign influence.

Several US lawmakers and nonprofit watchdogs have expressed concern over the potential misuse of political office for personal financial gain, especially through tokens with no clear use case or underlying value.

Meanwhile, the TRUMP memecoin continues to trade far from its all-time high and faces consistent sell pressure. According to data from CryptoSlate, the token has fallen over 34% in the past month.

As of press time, it was trading around $9.43, down significantly from its January all-time high of $44.28.