• 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
Trump to address House GOP in his own backyard during Miami-area working retreat

related articles

128 Democrats join House GOP to block progressive’s...

June 24, 2025

Most Republicans support Trump ordered military strike on...

June 24, 2025

Bondi vows to ‘protect every religion in this...

June 24, 2025

‘Not our role’: Lawmakers cautious over Middle East...

June 24, 2025

Trump dares AOC to try to impeach him:...

June 24, 2025

Timeline: Trump’s Israel-Iran ceasefire nearly collapses hours after...

June 24, 2025

Trump admin ‘obliterated’ Iranian nuclear facilities with slimmed...

June 24, 2025

Jasmine Crockett drops out of race for top...

June 24, 2025

Republican senator calls caucusing with Democrats an ‘interesting...

June 24, 2025

Trump heads to NATO summit as Europe agrees...

June 24, 2025
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

  • Shutdown standoff looms in Congress’ final weeks before Trump’s return to White House

    November 8, 2024
  • American Airlines flight attendants ratify new contract with immediate raises topping 20%

    September 13, 2024
  • AUDUSD and AUDNZD: AUDUSD has a chance to start a recovery

    July 26, 2024
  • Bitcoin price makes a new pullback below the $58000 level

    July 12, 2024
  • UK’s Starmer juggles trouble at home as he walks geopolitical tightrope with Trump

    February 27, 2025

Popular Posts

  • 1

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

    July 21, 2024
  • 2

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

    December 4, 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

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,078)
  • Investing (634)
  • Stock (815)

Latest Posts

  • Who could replace Elise Stefanik in House GOP leadership? What we know

    November 12, 2024
  • Nuclear watchdog urges ‘trust but verify’ that Iran engages in good-faith negotiations

    April 23, 2025
  • The wheels are falling off the Harris-Walz vibe bus

    September 4, 2024

Recent Posts

  • RFK Jr. says Trump White House will get fluoride out of drinking water

    November 3, 2024
  • Oil executives bluntly criticize Trump tariffs and ‘drill, baby, drill’ mantra

    March 27, 2025
  • Trump’s DOGE efficiency agency says it slashes $25B in federal spending as rehiring begins

    June 11, 2025

Editor’s Pick

  • Bitcoin loses bullish momentum on Monday and drops again

    October 8, 2024
  • Biden admits keeping classified Afghanistan document ‘for posterity’s sake’ in leaked audio

    May 17, 2025
  • Could the US be targeted as Iran retaliates against Israel?

    June 13, 2025
  • 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