Senator says Trump cannot ignore law requiring ByteDance to divest TikTok by next year
WASHINGTON - The chair of a U.S. Senate Judiciary subcommittee said on Tuesday that President-elect Donald Trump cannot ignore a law requiring Chinese-based TikTok to divest the short video app used by 170 million Americans by early next year.
Senator Richard Blumenthal, a Democrat who is holding a hearing on Chinese hacking incidents, noted that Congress passed a law in April requiring divestiture of the app by Jan. 19, unless President Joe Biden grants a one-time extension of up to 90 days. Trump has said he opposes a TikTok ban. "He can't ignore the law," Blumenthal said."If he wants to change the law, he can try, but I can tell him and tell the American people -- sentiment is pretty strong here in favor of that law."Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TikTok parent ByteDance’s valuation hits $300 billion amid US ban uncertainty, WSJ reportsTikTok parent ByteDance’s valuation hits $300 billion amid US ban uncertainty, WSJ reports
Read more »
TikTok parent ByteDance's valuation hits $300B amid US ban uncertaintyA law signed by US President Joe Biden gives ByteDance until January 19 to sell TikTok or face a ban.
Read more »
TikTok parent ByteDance's valuation hits $300B, with possible share buyback, sources sayTikTok's parent company ByteDance is valuing itself at about $300 billion, after it recently approached investors about a share buyback program, according to two people familiar with the matter and a document viewed by Reuters.
Read more »
TikTok parent ByteDance's valuation hits $300 billion, sources sayPresident-elect Trump has recently said that he opposes the ban on TikTok, but it’s not clear if he’ll be able to stop it from going into effect–or prioritize doing so. Veuer’s Matt Hoffman reports.
Read more »
Nebraska independent Dan Osborn within striking distance of Trump-backed GOP senator: pollsDan Osborne smears GOP’s Deb Fischer team as ‘Hitler youth frat boys’ in donor call
Read more »
Democrat Senator John Fetterman: Donald Trump’s Appeal to Pennsylvanians Is ‘Astonishing’Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »