TikTok has firmly denied the claim—first flagged by Rep. Brad Sherman—that it or its Chinese owners purchased $300 million worth of the Trump “TRUMP” memecoin.

1. TikTok is not buying any TRUMP memecoins — it publicly refuted the allegation as false and misleading.

2. Rep. Sherman’s claim lacks supporting evidence and appears to conflate TikTok with a different, unaffiliated company.

3. The incident collided with political tension, as Trump issued a third 90-day delay on TikTok’s US divest-or-ban deadline