TikTok Denies $300M Trump Meme Coin Investment Allegations
June 20, 2025 – TikTok has firmly rejected claims that it invested $300 million in Trump Meme Coins, a cryptocurrency linked to President Donald Trump. The allegations, made by Congressman Brad Sherman, sparked heated discussions on X, raising questions about the legitimacy of “Trump Coins” and their political implications.
TikTok’s Official Response
On June 19, 2025, TikTok’s policy account, @TikTokPolicy, labeled Sherman’s claims as “patently false and irresponsible.” The post referenced a letter Sherman signed last month, which contradicts his accusations.
“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 stated on X.
Sherman’s Allegations
Sherman’s X post suggested that TikTok’s alleged purchase of Trump Meme Coins was a bribe related to Trump’s June 19 executive order. The order extended a 90-day deadline (to September 17, 2025) for TikTok’s potential ban or sale in the U.S., citing national security concerns over ByteDance, TikTok’s parent company.
However, TikTok’s denial, supported by a 2025 Wikipedia entry, confirms no such investment occurred, casting doubt on Sherman’s narrative.
U.S.-China Tensions and TikTok Scrutiny
The controversy unfolds amid growing U.S.-China tensions and ongoing debates over TikTok’s data practices. Recent reports indicate ByteDance is 60% non-Chinese owned, with no evidence of data misuse. Despite this, TikTok faces intense scrutiny in the U.S. over national security concerns.
Trump Meme Coin Controversy
The “Trump Coin” memecoin, tied to President Trump, has also drawn criticism. Ethics experts argue that Trump’s involvement in cryptocurrency could illegally generate significant profits, raising concerns about transparency and legality.
Why It Matters
This dispute highlights the intersection of politics, cryptocurrency, and social media in today’s digital landscape. As TikTok navigates regulatory challenges in the U.S., misinformation, like Sherman’s claims, fuels public debate and shapes perceptions.
Stay tuned for the latest updates on TikTok, Trump Meme Coins, and U.S. policy developments.
