Chinese social media platform Tiktok has denied allegations that it had purchased US President Donald Trump’s official memon.
Tiktok’s official policy account received X on Thursday, denying allegations that its owner is purchasing official Trump (Trump) memo coins in response to accusations from California Democratic Representative Brad Sherman.
Sherman claimed that “the Chinese owner of Tiktok announced that he would purchase ‘Trump Coins’ for $300 million.”
“The lawmakers are patently false and irresponsible, claiming that the Tiktok owners are purchasing ‘Trump Coins’ and do not accurately reflect the letter they signed last month,” Tiktok Policy responded to the claim.
Links to companies connected to Tiktok cause confusion
Sherman’s remarks came amid the news that Trump has signed another executive order to delay the ban or sale of Tiktok.
According to an online report, the latest delays announced a third postponement, indicating a third postponement, finding buyers or giving them a 90-day banned days in the US.
Sherman stressed that US law only allows for one extension, and argued that it was illegal for Trump to not enforce the ban on Tiktok.
The Sherman allegations appear to have mentioned a report on a GD culture group connected to Tiktok, which announced plans to buy $300 million Trump Memecoin and Bitcoin (BTC) in May.
Although there is no official relationship with Tiktok or its parent company, Bytedance, the GD culture registered with NASDAQ generates artificial intelligence enhancement content on Tiktok as one of its main tasks.
Related: Trump discloses $57 million crypto storms from Liberty Financial worldwide
“Trump creates “Trump Coins” for free. So this is just $300 million in cash in his pocket,” Sherman claimed.
Community fights against the shaman
While some online commentators were skeptical of Tiktok’s denial, many responded to Shaman’s allegations and labeled them as unreliable.
Others also expressed doubt about the ability to create cryptocurrency for free.
“No one wants to ban Tiktok except for the Israeli lobby, aka your doll masters. Why not do a poll asking your members if they want to be banned,” another commentator said.
Aside from criticizing Trump for his Tiktok policies, Sherman has long been known for his anti-cryptic status and has called for a comprehensive ban on cryptography in 2019.
Sherman’s hostile stance towards crypto is largely centered on the possibility of driving away the US dollar in cryptocurrency.
The Trump administration has taken the opposite approach with a code that pledges to promote the ridiculous stubcoins imposed in the US dollar as part of the US strategy to strengthen US dollar sovereignty.
magazine: China is threatened by US stubcoin, and the G7 has encouraged efforts to the Lazarus Group: Asia Express
