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Home BUSINESS

President Trump Halts TikTok Ban for 75 Days, Seeks Joint U.S. Ownership

Gary Ponce by Gary Ponce
January 21, 2025
in BUSINESS
Reading Time: 2 mins read
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  • Trump signed an order granting TikTok a 75-day extension to avoid immediate enforcement of a U.S. ban.
  • The law requires ByteDance to sell an 80% stake in TikTok, though Trump proposed a 50-50 ownership split with U.S. entities.
  • China indicated potential openness to a partial sale, while bipartisan concerns over TikTok’s security risks persist.

President Donald Trump signed an executive order on Monday granting TikTok a 75-day reprieve from a U.S. law requiring its owner, ByteDance, to sell its stake in the app. The extension temporarily halts enforcement of the law while the administration decides on next steps.

Temporary Relief for TikTok

The executive order prevents the Department of Justice from enforcing the law or penalizing companies working with TikTok during this period. Trump cited the need to assess an appropriate course of action, especially after TikTok resumed U.S. service on Sunday to broadcast his inauguration.

JUST IN: 🇺🇸 President Trump officially signs an executive order delaying the ban of TikTok for 75 days or until a deal is met 🚀 pic.twitter.com/omI1PlB0F5

— BlockNews (@blocknewsdotcom) January 21, 2025

The Future of TikTok Ownership

The law, passed under President Biden, mandates that ByteDance sell an 80% stake in TikTok to a U.S. entity. Trump proposed a 50-50 ownership split between ByteDance and the U.S., but legal and political hurdles remain unclear. Meanwhile, China’s Foreign Affairs Ministry signaled potential openness to a partial sale, marking a shift in tone.

Concerns Over Security and Propaganda

ByteDance’s ties to Beijing have sparked bipartisan concerns about TikTok as a national security risk. The extension doesn’t repeal the law, leaving TikTok’s fate tied to future negotiations and possible acquisition deals with U.S. investors. For now, the app’s availability hangs in the balance.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: ByteDanceDonald TrumpJoe BidenTikTok
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Gary Ponce

Gary Ponce

Gary has been active in the crypto space since 2019, developing hands-on experience in trading, airdrop hunting, and identifying emerging narratives in low-cap tokens. For over four years, he has contributed research and editorial content with Aiur Labs and BlockNews, focusing on market analysis and community insights. His work reflects both transparency and independent reporting, with an emphasis on simplifying complex ideas for readers. Gary is a long-term believer in Bitcoin, Sui, Hype, Litecoin, XRP, and select meme tokens, combining personal trading knowledge with professional editorial standards.

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