• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Republican state AGs await Trump-brokered TikTok deal, remain skeptical on app safety

by January 27, 2025
written by January 27, 2025

President Donald Trump signaled Saturday a deal could be underway soon to ‘save’ TikTok from a looming ban, and Republican state attorneys general – many skeptical of the app’s security – are waiting to see if it comes to fruition.

‘I have spoken to many people about TikTok and there is great interest in TikTok,’ Trump told reporters aboard Air Force One on a flight to Florida, Reuters reported. 

The reported deal Trump is working on involves partnering with software company Oracle and a group of outside investors to take control of the app’s operations. According to sources familiar with the matter, ByteDance, TikTok’s Chinese parent company, would maintain a stake in the platform under the proposed deal. However, Oracle would take control of data management and software updates, leveraging its existing role in supporting TikTok’s web infrastructure, two sources told Reuters.

‘President Trump has repeatedly expressed his desire to save TikTok, and there’s no better dealmaker than Donald Trump,’ Trump’s national press secretary Karoline Leavitt previously told Fox News Digital.

Several Republican state attorneys general have actively pursued actions to ban TikTok, citing national security concerns and potential data privacy issues. In December 2024, 22 attorneys general, including those from Virginia and Montana, filed an amicus brief urging the U.S. Supreme Court to uphold the ‘divest-or-ban’ law against TikTok. The law mandates that TikTok’s parent company, ByteDance, divest its U.S. operations or face a potential ban due to national security concerns.

Texas Attorney General Ken Paxton also initiated legal action against TikTok earlier this month, alleging ‘TikTok lied about its safety standards and concealed the truth about the prevalence of inappropriate and explicit material,’ according to his office’s news release. Paxton’s lawsuit doesn’t mention the app’s ban.

A source close to several Republican state attorneys general told Fox News Digital on Monday that they’re confident if anyone can make a deal to protect the U.S. from the Chinese Communist Party, it’s Trump, but if it poses a threat to national security, then it should be banned. 

Republicans aren’t the only ones concerned about TikTok. Several Democratic state attorneys general have actively pursued legal actions against the social media app, too. In October 2024, California Attorney General Rob Bonta and New York Attorney General Letitia James, along with 12 other states and the District of Columbia, filed a lawsuit alleging that TikTok exploits and harms young users and deceives the public about the social media platform’s dangers.

While Trump tried to ban the app from U.S. access during his first administration, he credited TikTok for reaching young voters during the 2024 presidential campaign. 

TikTok went dark earlier this month after ByteDance had nine months to sell TikTok to an approved buyer but opted, along with TikTok, to take legal action against the law. The U.S. Supreme Court upheld the law, citing national security risks because of its ties to China.

The app was reinstated for U.S. users the following day, with Trump promising an executive order to extend TikTok’s sale. 

‘Welcome back!’ the TikTok message read. ‘Thank you for your patience and support. As a result of President Trump’s efforts, TikTok is back in the U.S.!’

Fox News Digital has reached out to TikTok for comment.

Fox Business’ Alexandra Koch, Bradford Betz and Landon Mion contributed to this report.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Justice Department fires more than a dozen key officials on former Special Counsel Jack Smith’s team
next post
First lady Melania Trump’s new official portrait revealed

related articles

MIKE DAVIS: Red-state senators must pick up the...

February 12, 2026

Russia to suspend flights to Cuba as Trump...

February 12, 2026

Gabbard ends task force that aimed to reform...

February 12, 2026

Trump threatens ‘consequences’ after 6 House Republicans voted...

February 12, 2026

Only one House Dem voted in favor of...

February 12, 2026

6 House Republicans defy Trump on key agenda...

February 12, 2026

Trump meets Netanyahu, says he wants Iran deal...

February 11, 2026

Mike Tyson in the ‘fight of my life’...

February 11, 2026

Trump to host ‘Clean Beautiful Coal’ event, calls...

February 11, 2026

Israel joins Board of Peace ahead of Netanyahu-Trump...

February 11, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Trump downplays China-Russia-Iran nuclear talks, says they may discuss ‘de-escalation’

    March 13, 2025
  • Trump assassination attempt being investigated by FBI as potential domestic terrorism act

    July 15, 2024
  • Jordan demands Smith retain all records related to Trump prosecutions as special counsel’s office winds down

    November 8, 2024
  • Trading Economics: Understanding the Financial Markets 

    July 24, 2024
  • Trump delivers different message on Gaza when recapping call with Netanyahu

    April 26, 2025

Popular Posts

  • 1

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 2

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024

Categories

  • Economy (829)
  • Editor's Pick (7,892)
  • Investing (1,019)
  • Stock (974)

Latest Posts

  • Newsom’s deepfake election laws are already being challenged in federal court

    September 20, 2024
  • GOP lawmakers pledge to investigate Biden’s last-minute pardons: ‘Call them all before Congress’

    January 20, 2025
  • This Wall Street rule reveals a key clue about Harris running-mate pick: report

    July 31, 2024

Recent Posts

  • Trump FBI director pick Kash Patel ‘instrumental in unraveling’ Russia collusion hoax, former chair says

    December 10, 2024
  • Hegseth says he’s undoing ‘social justice/Biden initiative’ that Trump signed into law

    April 29, 2025
  • Harris dodging flip-flop attacks as faceless surrogates flip key positions: ‘Playing politics’

    August 15, 2024

Editor’s Pick

  • The S&P 500 and Nasdaq are driving the recovery

    July 30, 2024
  • Hunter Biden breaks silence on pardon from dad Joe: ‘I realize how privileged I am’

    October 21, 2025
  • UK govt-backed review says Britain’s national parks feel ‘white’ and unwelcoming

    February 3, 2026
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock