#TrumpCrypto 🚨TikTok Denies Allegations of Purchasing Trump’s Official Memecoin

Chinese social media giant TikTok has firmly denied accusations that it purchased the Official Trump (TRUMP) memecoin.

In a statement posted on X (formerly Twitter) via its official TikTok Policy account on Thursday, the company refuted claims made by U.S. Representative Brad Sherman (D-CA), who alleged that TikTok’s Chinese owners were buying “Trump Coins” worth $300 million.

“There is no truth to these claims,” TikTok stated, responding directly to Sherman’s remarks, which have stirred political controversy amid ongoing scrutiny of the platform’s ownership and influence.