TikTok Hits Back At Congressman's '$300 Million Bribe' Accusation Over Trump Meme Coin

Description

Social media firm TikTok has pushed back against a Congressman's accusation that it had purchased TRUMP meme coins in order to "bribe" the U.S. president.

Authors

Ryan S. Gladwin

Publish date

June 20, 2025

Publisher

Decrypt

Web URL

https://decrypt.co/326219/tiktok-hits-back-at-congressmans-300-million-bribe-accusation-over-trump-meme-coin

Referenced by

TikTok denies $300M Trump Coin purchase

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News story

Since the filing in May, according to TradingView, GD Culture Group stock has climbed 307% on the Nasdaq to a market capitalization of $46.86 million.

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Quote

Congressman Brad Sherman (D-CA-32) has accused TikTok's Chinese owners of a "$300 million bribe" through purchases of U.S. President Donald Trump's meme coin.

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