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US House of Representatives Member Brad Sherman, known as the enemy of Bitcoin and cryptocurrencies, shook the market with his new claim.
Accordingly, Brad Sherman claimed that TikTok had made or would make a $300 million purchase from US President Donald Trump's memecoin TRUMP. At this point, Sherman accused TikTok's owners of bribing President Trump due to the impending ban in the US.
TikTok, a social media platform owned by the Chinese company ByteDance, responded to these allegations with harsh language.
TikTok, which has been rumored to be shutting down or being sold, has described the claims as clearly false and irresponsible.
“Mr. Congressman, TikTok owners’ claims that they purchased Trump Coin are patently false and irresponsible, and do not even accurately reflect a letter you signed last month.”
Bribery Allegation Regarding TRUMP!
These claims come after news that Trump signed a new executive order to ban or delay the sale of TikTok.
Brad Sherman also alleged bribery with TikTok, citing these postponement decisions. Sherman argued that Trump’s failure to enforce the ban on TikTok was unlawful, noting that US law only allows for one postponement.
“TikTok's shutdown has been postponed for the 3rd time by Trump. Trump only has the authority to do this once. This coercion is illegal. In addition, TikTok's Chinese owners announced that they received $300 million worth of Trump coins. This is a bribe.
Because Trump is creating TRUMP Coin for free, so it's just a $300 million bribe that goes into his pocket.”
Sherman’s claims that TikToK bought TRUMP are believed to be based on the TikTok-affiliated GD Culture Group’s announcement of plans to buy TRUMP and Bitcoin for $300 million.
*This is not investment advice.