Crypto De Nostradame
--
Bullish
Did TikTok buy Trump meme coin: Response to claims
An interesting claim came from Brad Sherman, a member of the House of Representatives known for his anti-crypto sentiment, regarding the sale or closure of TikTok, which has been discussed in the US for the last year. TikTok responded harshly to Sherman.
TikTok, a social media platform owned by Chinese company ByteDance, continues to be debated in the US. The platform, which has been considered to be shut down or sold its American rights since last year, has been accused of being a TRUMP meme coin. Congressman Brad Sherman, known for his anti-crypto, claimed that TikTok has/will acquire $300 million worth of TRUMP meme coins.
“Wrong and irresponsible…”
TikTok made an official statement on the subject. The statement, which stated that there was no such situation, said, “The congressman’s claims are both wrong and irresponsible…”
Sherman, who has been against cryptocurrencies for years and advocates for a complete ban on crypto in the US, tweeted last night, “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. Also, TikTok’s Chinese owners announced that they received $300 million worth of Trump coins. This is a bribe.”
The reason for Sherman's claims was that GD Culture Group, a company that produces AI-powered content for TikTok, announced in May that it would buy Bitcoin and Trump meme coins. The company had announced that it planned to raise funds through a $300 million stock sale. Sherman interpreted this statement as a bribe TikTok gave to Trump.
The value of the company, which is listed on Nasdaq, is around $35 million.
⚠️ Note: My posts are not investment advice. There may be errors due to translation. Please do your own review. You can also write your thoughts in the comments section.
❤️ Don't forget to follow me for developments. @Crypto De Nostradame
$BTC $MEME
#SwingTradingStrategy #XSuperApp #PowellRemarks #CryptoStocks
An interesting claim came from Brad Sherman, a member of the House of Representatives known for his anti-crypto sentiment, regarding the sale or closure of TikTok, which has been discussed in the US for the last year. TikTok responded harshly to Sherman.
TikTok, a social media platform owned by Chinese company ByteDance, continues to be debated in the US. The platform, which has been considered to be shut down or sold its American rights since last year, has been accused of being a TRUMP meme coin. Congressman Brad Sherman, known for his anti-crypto, claimed that TikTok has/will acquire $300 million worth of TRUMP meme coins.
“Wrong and irresponsible…”
TikTok made an official statement on the subject. The statement, which stated that there was no such situation, said, “The congressman’s claims are both wrong and irresponsible…”
Sherman, who has been against cryptocurrencies for years and advocates for a complete ban on crypto in the US, tweeted last night, “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. Also, TikTok’s Chinese owners announced that they received $300 million worth of Trump coins. This is a bribe.”
The reason for Sherman's claims was that GD Culture Group, a company that produces AI-powered content for TikTok, announced in May that it would buy Bitcoin and Trump meme coins. The company had announced that it planned to raise funds through a $300 million stock sale. Sherman interpreted this statement as a bribe TikTok gave to Trump.
The value of the company, which is listed on Nasdaq, is around $35 million.
⚠️ Note: My posts are not investment advice. There may be errors due to translation. Please do your own review. You can also write your thoughts in the comments section.
❤️ Don't forget to follow me for developments. @Crypto De Nostradame
$BTC $MEME
#SwingTradingStrategy #XSuperApp #PowellRemarks #CryptoStocks
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
103,503.75
-0.48%