TikTok Refutes Allegations of Trump Memecoin Purchases in Response to Congressional Accusations

TikTok has firmly denied allegations made by a member of Congress regarding the company’s purported acquisition of meme-based cryptocurrencies associated with former President Donald Trump. This denial followed a tweet by the aforementioned representative accusing TikTok of meddling in U.S. elections by promoting these digital assets. A TikTok spokesperson asserted that these claims are completely unfounded and that the company has not engaged in any such purchases. The spokesperson further emphasized TikTok’s commitment to strict policies prohibiting election manipulation or the promotion of any political candidate. TikTok continues to face heightened scrutiny from U.S. lawmakers concerning national security concerns and the potential for Chinese government influence over the platform.