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BTCC / BTCC Square / Global Cryptocurrency /
TikTok Denies $300M Trump Coin Investment Allegations Amid Political Scrutiny

TikTok Denies $300M Trump Coin Investment Allegations Amid Political Scrutiny

Author:
Global Cryptocurrency
Published:
2025-06-20 17:11:02
9
3

TikTok has categorically rejected claims by U.S. Congressman Brad Sherman that its parent company invested $300 million in Trump-themed meme coins. The allegations surfaced hours after President TRUMP extended TikTok's operational deadline by 90 days, fueling speculation about political quid pro quo arrangements.

The social media giant maintains zero involvement in cryptocurrency markets, despite GD Culture Group's separate announcement about planned Trump Coin and Bitcoin investments. Sherman's viral tweet framed the unsubstantiated claim as a "$300 million bribe" through the creation of valueless tokens, though blockchain forensic evidence remains conspicuously absent.

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