trumpcoinalert

#TrumpCoinAlert
This afternoon, June 20, TikTok denied allegations that it purchased $300 million worth of “Trump Coin,” the meme coin launched by President Donald Trump.
The official account of the Chinese social media platform reiterated this in a post on X, calling the accusations “false and irresponsible.”

The denial came after California Democrat Brad Sherman claimed in recent days that the Chinese company that owns TikTok was on the verge of making this large purchase for political reasons.
The charges are tied to an executive order granting TikTok a 90-day extension to find a U.S. buyer, the third such order, a significant favor from the Tycoon given the national security concerns at stake.
His statements are based on recent announcements by the American company GD Culture Group, listed on the Nasdaq, which in May announced its intention to invest a monstrous sum in both Bitcoin and the meme coin associated with Donald Trump.
Sherman did not, however, demonstrate that GD Culture Group has any formal ties to TikTok or its parent company ByteDance. It is true that it creates video content, including with the help of artificial intelligence, and that this content is published on TikTok, but this does not imply a direct involvement or connection with the platform.
Sherman even characterized the investment as a “$300 million bribe” to Trump.
In short, Sherman’s statements have seemed at best specious to most critics, at least until the connection between GD Culture Group and ByteDance, working relationship aside, is proven. The fact that Sherman is a Democrat and a known critic of cryptocurrencies certainly does not speak to his advantage.
Our research: is there a connection?
To dispel any doubts, we have started an in-depth investigation through official documents, SEC reports, press releases and company records.
GD Culture Group is a small American company, listed on the Nasdaq , with activities related to the production of content based on artificial intelligence, also spread on TikTok. But using the platform as a distribution channel does not equate to having a corporate or strategic connection with ByteDance.
There are no cross-shareholdings, shared board memberships, or joint projects or investments. ByteDance is not listed in any regulatory filing as a shareholder, partner, or advisor to GDC. Even the executives of GD Culture Group have no past experience or roles attributable to the Chinese group.
On an operational level, GDC has signed a memorandum with Pier E Media, an agency specializing in managing creators on TikTok, but this partnership is also external and independent of ByteDance.
The $300 million investment in Bitcoin and Trump Coin, announced by GD Culture in May, was funded by an offshore entity registered in the British Virgin Islands , which has no connection, at least publicly, to TikTok or its owners, though its provenance remains opaque.
In light of the available data, however, thinking of a direct connection between GD Culture Group and ByteDance is a speculative operation and without any evidence.
It is legitimate to question who is really financing GDC's operations, given the amounts involved and the opaque nature of some offshore investors. But in the absence of evidence, associating ByteDance with these movements would be incorrect.

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