The story involves a $300 million purchase of Trump’s official memecoin. But the Chinese tech giant was quick to push back on the claims.

TikTok: “False and Irresponsible Accusation”

Democratic Representative Brad Sherman accused the Chinese owners of TikTok of buying “Trump Coins” as a political bribe. However, TikTok’s official policy account on X sharply denied the claim, calling it false and misleading.

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“This is patently false and irresponsible, and doesn’t even reflect a letter you signed last month,” the company said in a public statement.

GD Culture Group Creates Confusion

Sherman’s claim may have stemmed from reports about Nasdaq-listed GD Culture Group announcing plans to purchase Trump memecoin and Bitcoin. While GD Culture produces AI-driven content on TikTok, it has no formal affiliation with TikTok or its parent company ByteDance.

Still, Sherman linked these announcements directly to TikTok, suggesting they represented a disguised financial favor to Trump. The lack of evidence for any such connection raised eyebrows across the political and crypto communities alike.

Community Pushback Against Sherman’s Claim

Sherman is known for his anti-crypto stance, previously calling for a blanket ban on digital assets. His recent comments were quickly dismissed by much of the online community, who questioned his grasp of crypto mechanics and motivations.

Some users criticized the accusation as politically charged misinformation, while others highlighted that cryptocurrencies cannot simply be created “at no cost.”

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The post TikTok Denies $300M Trump Coin Bribe Allegation appeared first on Coin Engineer.

According to NBC News, Ossoff said, “I saw just 48 hours ago; he’s granting audiences to people who buy his meme coin,” arguing that selling access to the President for financial gain constitutes an impeachable offense.

The Senator added that impeachment would be difficult unless the Democratic Party retakes control of Congress in the 2026 midterm elections. Currently, Trump’s Republican Party holds a majority in both the House and the Senate.

Private Dinner Invitation for TRUMP Coin Holders

On April 23, the official TRUMP token website announced that President Trump would host an exclusive dinner at his Washington, DC golf club for the top 220 TRUMP wallet holders.

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The website published a leaderboard to track eligible wallets and specified that participants must pass background checks and cannot be from any country flagged in Know Your Customer (KYC) watchlists. Guests are not allowed to bring additional companions.

Following the announcement, the TRUMP token price surged by more than 50%. However, on April 25, the TRUMP team denied rumors that participants would need to hold at least 300,000$ worth of TRUMP to attend, clarifying that the official leaderboard is the only accurate source.

Conflict of Interest Concerns Rise

Legal experts have raised serious concerns about potential conflicts of interest surrounding Trump’s cryptocurrency ventures, including the TRUMP memecoin and the Trump-affiliated decentralized finance (DeFi) protocol World Liberty Financial.

Charlyn Ho of law firm Rikka emphasized that several executive orders signed by Trump significantly impact the crypto and digital assets industry, warning that “if he derives personal financial benefits from his own policies, that’s a conflict of interest.”

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