Did TikTok Try to Bribe Trump With $300M In Crypto? The Company Fires Back
Posted On June 20, 2025
TikTok has strongly refuted claims that it purchased $300 million worth of Official Trump (CRYPTO: TRUMP), the meme coin, to influence U.S. President Donald Trump.
What Happened: The social media company responded publicly on June 19 via X (formerly Twitter), stating that the accusation was “false and irresponsible,” and an attempt to distort its actions.
The allegation originated from U.S. Congressman Brad Sherman, who accused TikTok’s parent company, ByteDance, of making the massive crypto purchase as a bribe to Trump.
Sherman argued that since Trump reportedly received the token at no cost, any market purchases would …
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