President-elect Donald Trump has asked the Supreme Court to delay a law set to ban TikTok in the U.S. on January 19th. Trump’s lawyer stated the request aims to allow the incoming administration to negotiate a political resolution to the dispute. The law was passed by Congress and signed by President Joe Biden in April. It mandates that the app’s Chinese owner, ByteDance, divests its stake to address national security concerns. The app’s legal team asserts it violates First Amendment rights. The Supreme Court will hear arguments on January 10th.
Category
🗞
NewsTranscript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02President-elect Donald Trump has asked the Supreme Court to delay a law set to ban TikTok
00:06in the US on January 19th. Trump's lawyer stated the request aims to allow the incoming administration
00:12to negotiate a political resolution to the dispute. The law was passed by Congress and
00:17signed by President Joe Biden in April. It mandates that the app's Chinese owner,
00:22ByteDance, divest its stake to address national security concerns.
00:26The app's legal team asserts it violates First Amendment rights.
00:29Supreme Court will hear arguments on January 10th.
00:31For all things money, visit Benzinga.com slash GSTV.