TikTok denies TRUMP memecoin buys in reply to congressman’s accusations

Chinese social media platform TikTok denied allegations that it has made purchases of US President Donald Trump’s official memecoin.

The official TikTok Policy account took to X on Thursday to deny claims that its owners are buying the Official Trump (TRUMP) memecoin, responding to accusations by California Democratic Party Representative Brad Sherman.

Sherman had claimed that the “Chinese owners of TikTok have announced they are buying ‘Trump Coins’ for $300 million.”

“Congressman, claiming that the owners of TikTok are buying ‘Trump Coins’ is patently false and irresponsible and doesn’t even accurately reflect a letter you signed last month,” TikTok Policy said in response to the claims.

Sherman’s remarks came amid the news that Trump had signed another executive order to delay the ban or sale of TikTok.

The latest delay marked the third postponement, giving TikTok another 90 days to find a buyer or be banned in the US, according to online reports.#SwingTradingStrategy #XSuperApp #PowellRemarks #CryptoStocks #MyTradingStyle