๐ฐ ๐ง๐ถ๐ธ๐ง๐ผ๐ธ ๐๐ฒ๐ป๐ถ๐ฒ๐ $๐ฏ๐ฌ๐ฌ๐ โ๐ง๐ฟ๐๐บ๐ฝ ๐๐ผ๐ถ๐ปโ ๐๐ฟ๐ถ๐ฏ๐ฒ ๐๐ฐ๐ฐ๐๐๐ฎ๐๐ถ๐ผ๐ป ๐๐ฟ๐ผ๐บ ๐จ.๐ฆ. ๐๐ผ๐ป๐ด๐ฟ๐ฒ๐๐๐บ๐ฎ๐ป
A major political storm is brewing around TikTok and Trumpโs meme coin.
โ What Happened:
U.S. Congressman Brad Sherman accused TikTokโs Chinese owners of making a $300 million "bribe" by buying large amounts of the TRUMP meme coin. He claims the goal was to influence President Trump, who recently delayed the TikTok ban by 90 days.
๐ซ TikTok Responds:
TikTok hit back strongly, calling the bribery claim โfalse and irresponsibleโ, and denying any involvement in the coin or purchases.
๐ The Backstory:
The accusation seems tied to a little-known tech firm, GD Culture Group, which announced a $300M investment in the TRUMP coin. The firm has a Chinese subsidiary and runs a small TikTok channel, but thereโs no proof itโs linked to TikTokโs parent, ByteDance.
๐งพ Why It Matters:
Congress is worried that foreign money could influence U.S. politics through meme coins. Senators like Elizabeth Warren have already called for investigations into Trumpโs ties to his token and how it could be misused by overseas actors.
๐ Whatโs Next:
With mounting pressure from lawmakers and growing public scrutiny, the TRUMP coin saga is far from overโand could play a major role in the debate over crypto, TikTok, and national security.