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The Biden administration has demanded TikTok’s Chinese language homeowners divest their stake within the fashionable video app or face a doable US ban, the Wall Road Journal reviews.
The transfer could be probably the most dramatic in a collection of latest steps by US officers and legislators who’ve raised fears that TikTok’s US person information may very well be handed on to China’s authorities.
TikTok has greater than 100 million US customers.
The White Home declined to touch upon Wednesday.
TikTok spokeswoman Brooke Oberwetter stated in a press release to Reuters, “If defending nationwide safety is the target, divestment does not remedy the issue: a change in possession wouldn’t impose any new restrictions on information flows or entry.”
TikTok Chief Govt Shou Zi Chew is because of seem earlier than the US Congress subsequent week.
Any US ban would face vital authorized hurdles. The Trump administration sought to ban TikTok in 2020 however was stymied by a collection of court docket rulings.
TikTok and the US Treasury-led Committee on International Funding in the USA (CFIUS) have been negotiating for greater than two years on information safety necessities. TikTok stated it has spent greater than $US1.5 billion ($2.three billion) on rigorous information safety efforts and rejects spying allegations. T
The Wall Road Journal stated CFIU made the sale demand lately. A Treasury spokesperson declined to remark.
TikTok on Wednesday stated, “One of the best ways to deal with issues about nationwide safety is with the clear, US-based safety of US person information and techniques, with sturdy third-party monitoring, vetting, and verification.”
