Oh, what a jolly hullabaloo we have here! The TikTok official X account, with all the grace of a dancing elephant, has flung back accusations from Congressman Brad Sherman, who seems to think that the ‘Chinese owners’ of TikTok have splashed out a whopping $300 million on TRUMP memecoins! Why, it’s almost as if he believes they’re trying to bribe Trump into keeping TikTok alive! 🐘💰
In a recent post, the TikTok account, with a cheeky wink, responded to Sherman’s grumbling about President Donald Trump’s Executive Order, which, like a stubborn old mule, has extended TikTok’s closure deadline in the U.S. for another 90 days. This marks the third time TikTok has been given a reprieve! It’s like a cat with nine lives, isn’t it? 🐱
Sherman, bless his heart, insists that the White House can only offer one extension. He claims Trump’s Executive Order is “illegal.” And as if that wasn’t enough, he’s accusing TikTok of bribing the U.S. government with “Trump (TRUMP) Coins” for a cool $300 million! Oh, the audacity! 🎩
“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 (@TikTokPolicy) June 19, 2025
“Trump creates ‘Trump Coins’ at no cost, meaning this is just a $300 million bribe that goes right into his pocket,” Sherman declared, waving his arms like a windmill in a storm. 🌪️
But fear not! The platform’s official policy account, quicker than a rabbit on a pogo stick, dashed in to debunk Sherman’s claims, labeling them “false and irresponsible.” Oh, the drama! 🎭
“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,” they wrote, as if they were scolding a naughty child. 📜
Why does Brad Sherman believe TikTok bought $300m TRUMP memecoins?
Now, let’s get to the bottom of this curious case! Congressman Brad Sherman’s wild allegations seem to sprout from a press release by GD Culture Group, a Nasdaq-listed company that dabbles in AI-generated content and e-commerce. On May 12, GD Culture announced it would invest $300 million into TRUMP memecoins and Bitcoin (BTC). Quite the investment, eh? 💸
However, here’s the twist! GD Culture has no formal ties to TikTok, which is owned by the entirely different company, ByteDance. So far, there’s been no credible evidence that suggests ByteDance has ever dipped its toes into the murky waters of TRUMP memecoins or any cryptocurrency. 🕵️♂️
In August 2024, GD Culture announced it would be launching its own TikTok account @streamlineainews, dedicated to sharing updates about the world of artificial intelligence. So, while GD Culture Group has a connection to TikTok, it’s not owned by ByteDance. They’re just a client, like a customer at a rather peculiar café! ☕
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2025-06-20 16:29