By Kanishka Singh and Nandita Bose
WASHINGTON (Reuters) -President-elect Donald Trump has urged the U.S. Supreme Court to pause implementation of a law that would ban popular social media app TikTok or force its sale, arguing he should have time after taking office to pursue a "political resolution" to the issue.
The court is set to hear arguments in the case on Jan. 10.
The law would require TikTok's Chinese owner, ByteDance, to sell the platform to an American company or face a ban. The U.S. Congress voted in April to ban it unless ByteDance sells the app by Jan. 19.
TikTok, which has over 170 million U.S. users, and its parent have sought to have the law struck down. But if the court does not rule in their favor and no divestment occurs, the app could be effectively banned in the United States on Jan. 19, one day before Trump takes office.
Trump's support for TikTok is a reversal from 2020, when he tried to block the app in the United States and force its sale to American companies because of its Chinese ownership.
It also shows the significant effort by the company to forge inroads with Trump and his team during the presidential campaign.
"President Trump takes no position on the underlying merits of this dispute," said D. John Sauer, Trump's lawyer who is also the president-elect's pick for U.S. solicitor general.
"Instead, he respectfully requests that the Court consider staying the Act's deadline for divestment of January 19, 2025, while it considers the merits of this case, thus permitting President Trump's incoming administration the opportunity to pursue a political resolution of the questions at issue in the case," he added.
Trump previously met with TikTok CEO Shou Zi Chew in December, hours after the president-elect expressed he had a "warm spot" for the app and that he favored allowing TikTok to keep operating in the United States for at least a little while.
The president-elect also said he had received billions of views on the social media platform during his presidential campaign.
TikTok did not immediately respond to a request for comment.
The company has previously said the Justice Department has misstated its ties to China, arguing its content recommendation engine and user data are stored in the United States on cloud servers operated by Oracle Corp (NYSE:ORCL) while content moderation decisions that affect U.S. users are made in the United States as well.
Free speech advocates separately told the Supreme Court on Friday the U.S. law against TikTok evokes the censorship regimes put in place by the United States' authoritarian enemies.
The U.S. Justice Department has argued Chinese control of TikTok poses a continuing threat to national security, a position supported by most U.S. lawmakers.
Montana Attorney General Austin Knudsen led a coalition of 22 attorneys general on Friday in filing an amicus brief asking the Supreme Court to uphold the national TikTok divest-or-ban legislation.
The Forex market, also known as the foreign exchange market, is the largest and most liquid financial market globally. With daily trading volumes exceeding $6 trillion, Forex presents endless opportunities for traders of all levels. Whether you're a seasoned investor or a newcomer, Forex trading offers unmatched potential for growth and profitability.
Forex trading stands out for several reasons:
Discover how to take advantage of these benefits and more with SmileTradeFX. Their platform is designed to cater to all your trading needs, providing a seamless entry into the world of Forex.
When it comes to Forex trading, having a reliable and advanced trading platform is crucial. SmileTradeFX stands out by offering:
Choosing the right partner can make all the difference in your Forex trading success. Start your journey with SmileTradeFX today and unlock the full potential of the Forex market.
Β©οΈSmiletradefx.com β Licensed under SERC Cambodia.
ππ«πππ π°π’ππ‘ π π¬π¦π’π₯π
π§βπΌ Business Support: https://t.me/sm.business.support
π¨βπ§ Technical Support: https://t.me/sm.technical.support
π± Liquidity Support: https://t.me/sm.liquidity.support
Β
Β
LONDON (Reuters) - British Prime Minister Keir Starmer has asked the country's regulators, including the financial and competition watchdogs, to remove barriers to growth in an effort to revive a sluggish economy, Sky News reported on Saturday.
BRASILIA (Reuters) -Brazil has stopped issuing temporary work visas for BYD (SZ:002594), the Ministry of Foreign Affairs said on Friday, in the wake of accusations that some workers at a site owned by the Chinese electric vehicle producer had been victims of human trafficking.
Smiletradefx -- Oppenheimer Asset Management is advising investors to maintain focus on long-term opportunities amid market volatility, suggesting the year ahead will present compelling chances to capitalize on overlooked assets.
