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- Welcome Kevin_Lee to the Gate Square! 🎉
Looking forward to more great crypto insights from him.
Check out and engage with Kevin_Lee’s latest post!
👉 Post: https://www.gate.com/post/status/11758920
👉 Profile: https://www.gate.com/profile/Kevin%20Lee
Let’s give Kevin_Lee a warm welcome! 👏👏👏
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TikTok Denies Purchase of Trump Memecoin Worth US$300 Million
TikTok has denied Brad Sherman's anti-Bitcoin statement claiming that the Chinese social media platform has bought President Donald Trump's memecoin worth US$300 million.
"The owner of TikTok from China has announced that they bought "Trump Coins" for US$300 million. Trump created "Trump Coins" at no cost, which means this is just a bribe of US$300 million going into his pocket," said Sherman on his personal X account, Friday (20/06).
Sherman stated that Trump failed because he signed an executive order that would give TikTok 90 days to find a U.S.-based partner. The congressman called the president's action illegal because it does not comply with the law.
"Congress members claim that the statement that TikTok owners bought 'Trump Coin' is false and irresponsible, and even inconsistent with the letter you signed last month," said TikTok via its X account in response to Sherman's tweet.