Trump Signs Law to Launch Dollar 2.0

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Trump's executive order gives TikTok a reprieve. What happens next?

HALELUYA HADERO
January 21, 2025

President Donald Trump has directed his Justice Department to pause enforcement of the TikTok ban until early April, but a host of questions remain - including whether Trump has the authority to issue such an order and if TikTok's China-based parent would be amenable to selling the popular social media platform.

In an executive order signed on Monday, Trump instructed the U.S. attorney general to not enforce the ban for 75 days while his administration determines "the appropriate course forward in an orderly way that protects national security while avoiding an abrupt shutdown" of TikTok.

Under a federal law that was upheld by the Supreme Court last week, TikTok's parent company ByteDance was required to sell the platform to an approved buyer by Sunday or face a nationwide ban. On Saturday evening, a few hours before the ban took effect, TikTok became unusable for U.S. users. But it came back online on Sunday, with TikTok crediting Trump for helping the platform after he vowed on social media to stall the ban.

The federal law, passed with bipartisan support in Congress last year, provides a 90-day extension if progress has been made toward a sale. But Trump's executive order now complicates matters for companies who could be liable for delivering TikTok's service to U.S. users.

Some -- at least as of now -- appear to be taking a cautious approach. On Tuesday, both Apple and Google, which operate the two most prominent app stores, did not offer TikTok or any other ByteDance-affiliated apps, such as Lemon8 or the video editing app CapCut, on their digital marketplaces.

Here's what we know:

Can Trump put a pause on the TikTok ban?

The Justice Department is generally tasked with enforcing the laws of the federal government. But Trump does not have the power to overturn a law that Congress passed and subsequently upheld by the Supreme Court.

The law does give the sitting president latitude on certain details, such as what would count as a "qualified divesture" of TikTok. But since an extension on a ban can only occur if "significant progress" has been made towards a sale of TikTok's U.S. platform, it's possible that Trump's order could face legal challenges.

On Tuesday, the Electronic Frontier Foundation, a digital rights organization that filed amicus briefs in support of TikTok's legal challenge against the statute, said it believed it would be "unconstitutional" to ignore the law.

"There are no winners here, unless Congress repeals this law," David Greene, the organization's Civil Liberties Director, said in a statement.

On Sunday, Sen. Tom Cotton of Arkansas posted a message on X listing a number of state and federal agencies, and private entities, that might be willing to go to court to get the ban enforced. However, it's unclear if anyone is planning to challenge Trump's order.

And Trump's order also warns possible challengers that because of "the national security interests at stake," attempts by parties to enforce the law "represents an encroachment on the powers" of the executive branch.

Is TikTok going to be sold?

Even if an extension faces and fails to withstand legal scrutiny, it will buy time for ByteDance and TikTok to figure out their next move.

Trump on Monday said he is looking to have the U.S. government broker a deal for 50% control of TikTok, adding that "every rich person" has called him about acquiring the social media platform.

A day prior, he proposed terms in which the U.S. would have a 50% stake "in a joint venture" that would be "set up between the U.S. and whichever purchase we so choose." But the details remain murky, and it was unclear whether Trump was proposing control of the app by the government or another U.S. entity.

According to TikTok, roughly 60% of the privately-held ByteDance is owned by global investors, such as General Atlantic and Susquehanna International Group. ByteDance employees and the company's founder, Zhang Yiming, also each have a 20% stake.

The technology company has not disclosed financial details for its subsidiaries, including TikTok's global or U.S. operation.

Even if an American company can acquire a 50% stake in TikTok, it's unclear how a Trump-orchestrated transaction would address some of the national security concerns that led lawmakers and the Biden administration to push for a divestment.

For example, Trump has not addressed whether he will allow ByteDance to keep controlling the TikTok algorithm that fuels what users see on the platform. The algorithm, which is updated and maintained by ByteDance engineers in China, has been one of the main concerns among supporters of the law.

Trump's executive order notes the administration must have a review period to assess government intelligence and the steps TikTok has taken to address Washington's concerns.

What happens next?

Most likely, lots of negotiations about the future of TikTok.

Last year, Beijing called the push in Washington to require a divestment of TikTok a "robbers" act. But on Monday, China signaled a possible softening of its stance.

Chinese Foreign Ministry spokeswoman Mao Ning said that business operations and acquisitions "should be independently decided by companies in accordance with market principles."

"If it involves Chinese companies, China's laws and regulations should be observed," Mao said on Monday.

President Trump has threatened to slap tariffs as high as 100% on Chinese goods if Beijing refuses to allow a sale of TikTok. If China doesn't approve the deal, Trump said on Monday he would consider it somewhat of a "hostile act."

After the law was passed last year, ByteDance said it did not have any plans to sell TikTok and then fought a legal battle against the statute for months. Representatives for the company and TikTok did not immediately respond Tuesday on whether they are willing to cut ties with each other within the new 75-day extension period.

In a note, Gabriel Wildau, a managing director of the Teneo consultancy, wrote that if amicable negotiations happen, Beijing might ultimately approve the export of TikTok's algorithm. However, a sale that excludes that technology might be more feasible legally and technically, Wildau wrote. Previously, Teneo had made a case that Beijing would not allow ByteDance to sell TikTok because of its concern for national dignity.

"This is all a game of high stakes poker," said Wedbush analyst Dan Ives. "TikTok is a chip on the table in broader U.S.-China negotiations."

_________________________

Associated Press writer Didi Tang contributed to this story.

Continue Reading...

Popular

Christmas market in Germany opens after last year's deadly attack in the city of Magdeburg

BERLIN (AP) — The Christmas market in the German city of Magdeburg opened Thursday, nearly a year after it was the scene of a horrific that left six people dead.

Prada heir Lorenzo Bertelli will have strategic role at Versace as executive chairman

MILAN (AP) — will have a major strategic role as executive chairman of Versace after the Prada Group completes its 1.25 billion-euro ($1.4 billion) to buy its rival, expected in the coming weeks, the Prada Group confirmed Thursday.

Elon's $25 Trillion Confession - Ad

Elon Musk: "Tesla will become a $25 trillion company." That would make Tesla 8x bigger than Apple today. How is that possible? He admits it's all thanks to this one AI breakthrough that will take AI out of our computer screens and manifest a 250x boom here in the real world.

Leaked Documents Unveil Meta's $16 Billion Revenue Projection From Scam Ads

Leaked internal documents have revealed that Meta projected a revenue of approximately $16 billion from scam advertisements and banned goods in 2024.

America's Defense Future Starts Underground - Ad

A N. American metals project just caught the attention of Rio Tinto - a mining giant. With four projects in key regions, this firm is aligned with Washington's push to rebuild the defense-metal supply chain.

Peter Thiel Once Explained Why Bitcoin Won't Go Up 'Dramatically' And How It's Set For A 'Volatile, Bumpy Ride' Thanks To BlackRock

Bitcoin's ongoing struggles have brought renewed attention to comments made last year by Palantir Technologies co-founder Peter Thiel, who predicted that the leading cryptocurrency was unlikely to see a dramatic surge

Marjorie Taylor Greene Buys Blue Chip Stock Near 52-Week Low

Marjorie Taylor Greene is known for buying multiple stocks at a time, based on recent disclosures. A new filing shows one stock bought in November.

From Strong to Stunning: New Drill Hole Sets a New Bar - Ad

Earlier holes showed 2.4% and 2.7% CuEq. This new hit just delivered 6.93% over nearly 20 metres. That's a game-changer - and it comes with deep insider alignment and an active program.

Chinese premier's visit to Zambia focuses on reviving a Cold War-era railway to help mineral access

LUSAKA, Zambia (AP) — will start a two-day visit to the southern African nation of on Wednesday that will focus on the $1.4 billion refurbishment of a Cold War-era railway line to further improve China's access to

These are the 37 donors helping pay for Trump's $300 million White House ballroom

WASHINGTON (AP) — President Donald Trump says his $300 million White House ballroom will be paid for “100% by me and some friends of mine.”

Metals... Not Missles... Is the New Arms Race - Ad

China and Russia control 70% of the world's critical minerals, giving them leverage over the West. One N. American discovery could help shift that balance by developing the metals essential for defense systems.

Trump tariffs face Supreme Court test in trillion-dollar test of executive power

WASHINGTON (AP) — President power to unilaterally impose far-reaching is coming before the Supreme Court on Wednesday in a pivotal test of executive power with trillion-dollar implications for the global economy.

Trump Withdraws Support For 'Wacky' Marjorie Taylor Greene In Sudden, Fiery Split: 'I Can't Take...'

President Donald Trump said he is withdrawing his endorsement of longtime ally Rep. Marjorie Taylor Greene — here's what happened.

This Is the Type of Drill Hole That Changes Everything - Ad

A 19.5 metre zone returned 6.93% CuEq with a core 6.3 metre interval at 17.91%. The structure is bigger, richer, and more gold-loaded than expected. Drilling is active, and majors are watching.

Jim Cramer: Chipotle Is 'Too Expensive,' Buy This Plane Maker

On "Mad Money," Cramer discusses Henry Schein, Bloom Energy, Tyler Technologies, Boeing and Chipotle Mexican Grill.

Pete Hegseth Says War Department Preparing For 'Action' In Nigeria

U.S. Defense Secretary Hegseth agrees with Trump's order to prepare for action in Nigeria to stop the killing of Christians by Islamist militants.

Gold Near $4,073. Copper Tight. This Drill Hit Came Just in Time. - Ad

Dual exposure to two surging metals, plus 17.91% CuEq over mineable width, and infrastructure on site - this is what juniors dream of. And the market is just starting to notice.

Coeur Mining's $7 Billion Deal For New Gold Creates $20 Billion Powerhouse

Coeur Mining Inc. (CDE) announced acquisition of New Gold Inc. (NGD) in all-stock deal valued at $7 billion.

Criminal case against Boeing over deadly 737 Max plane crashes is dismissed by a US judge

A federal judge in Texas has agreed to dismiss a criminal conspiracy charge against Boeing in connection with two that killed 346 people.

Congress to Feature Trump on $100 Bill? - Ad

A shocking new plan was just introduced in Washington; to celebrate Trump's new "golden age" by placing him on the $100 bill. In the months ahead, this former Presidential Advisor predicts the government will release a massive multi-trillion-dollar asset which it has held back for more than a century.

Taylor Swift, Elon Musk, Donald Trump, MrBeast — Robinhood Just Made Their Mojo Tradable

Robinhood has new prediction markets for its customers, with a focus on the entertainment sector. Here are some of the new markets.

Tempus AI Stock (TEM) Slides 6% Overnight: Here's Why The Stock Is Trending

Tempus AI shares fell 6.02% in after-hours trading Tuesday following its third-quarter earnings report.

The Market Just Crossed a Dangerous Line - Ad

The man who predicted the 2008 crash and 2020 says today's soaring markets are NOT a bubble - they're something far stranger and more dangerous. He says it's about to change everything you know about money.

Consumer Tech News (Oct 27-31): Nvidia Surpasses $5T Market Cap, Trump-Xi Meeting Concludes, Big Tech Report Earnings & More

Apple, Amazon, Microsoft, and Alphabet beat Q3 estimates with revenue and earnings growth. Trump and Xi conclude high-stakes meeting with trade, soybean, and resource agreements, potentially impacting U.S.-China economic relations and global markets.

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit the most.

Britain's Treasury chief prepares the ground for a tax-hiking budget

LONDON (AP) — U.K. on Tuesday signaled she will raise taxes in her budget this month, arguing that the economy is sicker than the government knew when it took office last year.

Japanese game maker Nintendo reports zooming sales and profit on its hit Switch 2 machine

TOKYO (AP) — Japanese video-game maker Nintendo’s net profit jumped 85% in April-September from the year before, as its sales more than doubled following the launch of its hit Switch 2 console in June, the company said Tuesday.

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Brazilian coffee, beef and tropical fruit will still be tariffed 40%, says Brazil’s vice president

RIO DE JANEIRO (AP) — Brazilian Vice President Geraldo Alckmin said Saturday that Brazilian exported goods to the U.S. including coffee, beef and tropical fruits would still be tariffed 40%, despite President Donald Trump’s decision to remove some import taxes.

Bitcoin's Crash Below $100,000 Isn't The End: Wall Street Vet Says: 'We Have To Get Through This'

For the first time since July, Bitcoin (CRYPTO: BTC) fell below $100,000 on Tuesday as the crypto sell-off saw $1.7 billion in liquidations in 24 hours.

Elon's $25 Trillion Confession - Ad

Elon Musk: "Tesla will become a $25 trillion company." That would make Tesla 8x bigger than Apple today. How is that possible? He admits it's all thanks to this one AI breakthrough that will take AI out of our computer screens and manifest a 250x boom here in the real world.

Trump administration revives rollbacks of species protections from first term

BILLINGS, Mont. (AP) — President Donald Trump's administration moved Wednesday to roll back protections for imperiled species and the places they live, reviving to regulations during the Republican's first term under former Democratic President Joe Biden.

America's Defense Future Starts Underground - Ad

A N. American metals project just caught the attention of Rio Tinto - a mining giant. With four projects in key regions, this firm is aligned with Washington's push to rebuild the defense-metal supply chain.

Investigators look into 'repeating bell' heard during takeoff of UPS cargo plane that crashed

LOUISVILLE, Ky. (AP) — A repeating bell sounded in the cockpit for 25 seconds as pilots tried to control a UPS cargo plane that caught fire, had an engine fall off and this week in Louisville, Kentucky, a National Transportation Safety Board member said Friday.

From Strong to Stunning: New Drill Hole Sets a New Bar - Ad

Earlier holes showed 2.4% and 2.7% CuEq. This new hit just delivered 6.93% over nearly 20 metres. That's a game-changer - and it comes with deep insider alignment and an active program.

NATO member Romania signs agreement with Germany’s Rheinmetall to build a gunpowder plant

BUCHAREST, Romania (AP) — NATO member Romania signed an agreement Monday with German defense company Rheinmetall to build a gunpowder factory in central Romania, as

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright priceactionea.net
Privacy Policy | Terms of Service