- TikTok has denied any involvement in a $300 million Trump meme coin purchase, calling the claim false
- The allegation came from U.S. Rep. Brad Sherman, based on a report involving GD Culture Group—an entity with no ties to TikTok or ByteDance
- The drama unfolds as TikTok receives a 90-day extension from Trump to secure a U.S. buyer, heightening political tension
TikTok is once again in the political spotlight—this time over a bizarre claim that its Chinese parent company plans to buy $300 million worth of Trump’s official meme coin, $TRUMP.
The accusation came from U.S. Representative Brad Sherman, citing a reported investment by GD Culture Group, a firm that creates AI content on TikTok. But here’s the thing: GD Culture isn’t owned by TikTok or ByteDance, and no credible link ties the platform to this supposed purchase.
TikTok responded swiftly, calling the claims completely false and highlighting inconsistencies in Sherman’s statements.
The accusation conveniently surfaced just after Trump granted the app another 90-day extension to find a U.S. buyer—adding fuel to an already politicized fire.
Once again, crypto gets dragged into political drama. But this one? It’s all speculation, no substance.
