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Trump Suggests Potential Extension for TikTok Divestment Deadline Amid Security Concerns

Trump Suggests Potential Extension for TikTok Divestment Deadline Amid Security Concerns

Global Cryptocurrency
Release Time:
2025-08-22 22:39:01
0
BTCCSquare news:

President TRUMP indicated a possible delay in enforcing the TikTok divestment law, which mandates ByteDance to sell its US assets due to national security concerns. The law, signed by former President Biden in April 2024, was slated to take effect in January but could now face further postponement.

Trump emphasized ongoing negotiations with "very substantial American buyers" to acquire TikTok, which boasts over 170 million US users. The president noted the complexity of the sale process, suggesting an extension may be necessary to finalize terms.

While TikTok's fate remains uncertain, the geopolitical implications of its ownership continue to dominate discussions. Trump confirmed he has yet to engage with Chinese President Xi Jinping on the matter but plans to do so "at the right time."

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