TikTok stated it did not buy any Trump Meme Coins, countering Congressman Brad Sherman’s claims, which it described as misleading and irresponsible.
Sherman hinted that his accusations might be politically motivated due to a recent executive order tied to Trump’s actions regarding TikTok’s potential ban in the U.S.
This incident underscores the scrutiny TikTok faces over data practices amid broader tensions with China and raises ethical issues surrounding Trump’s activities in the cryptocurrency space.
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