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  • btc = $104 732.00 -2 904.86 (-2.70 %)

  • eth = $3 306.01 -25.74 (-0.77 %)

  • ton = $5.16 0.12 (2.31 %)

21 Jan, 2025
1 min time to read

Donald Trump, now the 47th President of the United States, has signed an executive order granting a 75-day extension to determine TikTok's future in the country.

The decision allowed the social media platform to resume operations just hours after a temporary shutdown. According to Reuters, the order directs the U.S. Attorney General to suspend enforcement of a law passed last April, which would have banned TikTok starting January 19 if its ownership structure remained under the control of Chinese company ByteDance.

Trump has left the door open for the sale of TikTok’s U.S. operations to a domestic company but requires all negotiations and legal matters to be resolved within the specified timeframe. The order also directs the Department of Justice to inform Apple, Google, and Oracle that they are not in violation of regulations while continuing to support TikTok’s infrastructure during this period.

The president stated that a final decision on the platform's future will be made in the coming months, leaving the options of either a sale or a full shutdown in the U.S. on the table. Trump expressed confidence in China’s willingness to compromise but warned of tariffs as high as 100% if negotiations fail.