Congressman Claims TikTok Bought TRUMP Coin, Firm Denies
- Sherman claims TikTok bought TRUMP Coins, TikTok denies.
- Alleged purchase has no on-chain evidence.
- No significant impact observed in crypto markets.
Brad Sherman, U.S. Congressman, claimed TikTok buyers acquired $300 million of TRUMP coins. TikTok officially denied this on their social media, stating it was false and irresponsible, as of June 2025.
The allegation raises questions about TikTok’s involvement in cryptocurrency, though there is no concrete evidence, and the crypto market shows minimal reaction.
Brad Sherman, known for his critical stance on cryptocurrencies, accused TikTok or its owners of purchasing $300 million in TRUMP meme coins. The accusation is officially denied by TikTok’s communications team. No on-chain evidence supports these claims, reinforcing TikTok’s position. Meanwhile, TRUMP meme coin’s price showed minor growth, with a 0.7% increase. The broader crypto market, including Ethereum and Bitcoin, experienced no significant changes.
” Congressman, claiming that the owners of TikTok are buying ‘Trump Coins’ is patently false and irresponsible and doesn’t even accurately…” – TikTok Policy Account
Community and regulatory response remains subdued, with no comments from major crypto leaders or government bodies. As of June 2025, crypto trading volumes and liquidity flows show stability, lacking substantial deviation.
The lack of evidence and minimal market impact suggest this incident may not lead to significant financial or regulatory changes. Historical trends show politicians occasionally making unsubstantiated crypto claims, highlighting the need for verifying such statements.
