Things are getting spicy in the digital playground. We got a congressman, Brad Sherman, a guy who probably hates crypto more than he hates Mondays, accusing TikTok, the big social media giant, of shelling out a cool $300 million for Donald Trump’s official memecoin.
A memecoin. But TikTok? They just flat-out denied it.
Nope
They went on X, their official policy account, and basically said, “Congressman, that’s a bunch of malarkey. Patently false and irresponsible, even for you.”
This whole sh*tshow bubbled up right when news dropped that Trump decided to delay the TikTok ban again. It’s the third time, giving the company another 90 days to figure things out.
Sherman, being the stickler for rules he is, claims US law only allows one extension, so he’s screaming that Trump’s move is illegal.
It’s like when the boss keeps moving the deadline for your quarterly report, and you know it ain’t right, but what are you gonna do?
Bribery?
Now, where did Sherman get this crazy idea? Seems he’s pointing fingers at reports that a company called GD Culture Group announced plans to buy $300 million worth of Trump memecoin and Bitcoin back in May.
The thing is, GD Culture Group, while they make AI content for TikTok, has no official ties to TikTok or its parent company, ByteDance.
It’s like saying the guy who cleans the office building is secretly running the whole operation. It just doesn’t connect.
Sherman, though, he wasn’t done. He went on to suggest that because Trump Coins are supposedly created at no cost, this $300 million purchase is just a straight-up bribe right into Trump’s pocket.
The online crowd, they mostly just rolled their eyes. Some people even wondered if Sherman knew how cryptocurrency worked, saying you can’t just conjure up coins for nothing.
It’s the kind of accusation that makes you wonder if some guys are just looking for a fight.
Haters gonna hate?
And you now, this ain’t the first time Sherman’s gone after crypto. This guy’s been a Bitcoin hater for ages, even calling for a complete ban back in 2019. His big fear? That crypto will somehow muscle out the US dollar.
Funny, because Trump, on the other hand, he’s been talking about boosting US dollar-pegged stablecoins to strengthen the dollar.
WTF is wrong w you man??? NO ONE wants TikTok banned, except the Israeli lobby, aka your puppet masters. Why don't u put up a poll asking your constituents if they want TikTok banned.
— Amir (@Amir9999) June 19, 2025
It’s a real clash of the titans, with one guy clinging to the old ways and the other, well, he’s at least willing to talk about the new kids on the block.
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