In a surprising intersection of cryptocurrency, politics, and international tension, Chinese-owned social media platform TikTok has officially denied allegations that it attempted to purchase $300 million worth of former U.S. President Donald Trump’s official memecoin (TRUMP).
The accusation originated from U.S. Representative Brad Sherman, a Democrat from California, who claimed that the “Chinese owners of TikTok have announced they are buying ‘Trump Coins’ $TRUMP for $300 million,” raising concerns over foreign influence and potential bribery via crypto assets.
