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Congressman Brad Sherman accused TikTok's Chinese owners of buying $300 million worth of TRUMP memecoins to bribe President Donald Trump

GD Culture Group, not TikTok, was identified by The New York Times as the entity behind the $300 million TRUMP memecoin acquisition cited by Rep. Brad Sherman, though the firm has no formal affiliation with ByteDance

Congressman Brad Sherman’s credibility was questioned by critics who cited his longstanding anti-crypto stance, including past calls for a blanket ban on cryptocurrency

TikTok publicly rejected Sherman's claim, calling it "patently false and irresponsible" and stating it misrepresented a letter the congressman had previously signed

Congressman Brad Sherman cited a recent executive order signed by Trump delaying TikTok's US divestment deadline, claiming the law only permits one such extension and that the president's move was illegal

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