The president of the United States, Donald Trumpsigned on Monday an executive order in which he instructs the departments of Treasury and Commerce to create a “sovereign fund” and said that this fund could acquire the social network Tiktok.
“I think Scott and I are going to create an incredible sovereign background. Another smaller countries have it and are not the United States. We have an incredible potential in this country,” he said in allusion to his nominated as secretary of the Treasury, Scott Besent, in statements to the media from the Oval Office. Speaking about this fund, Trump set the example of the social network Tiktok and opened the door to a possible agreement to buy it. “Let’s do something. Maybe with Tiktok Or maybe not. We will make the right treatment with the noise we want. But I have the right to do it, and we could put it in the sovereign background, “he said. Although he also said that there are” a lot of things “that could be included in the background.
The Tiktok platform continues to work in the US thanks to a 75 -day extension signed Trump on January 21one day after taking possession as president, after it stopped operating by a federal law of the previous administration. Decree signed by Trump ordered the Attorney General and the Department of Justice to Do not apply sanctions or take any measure aimed at applying the law during the next 75 days.
The law approved under the mandate of former president Joe Biden, forced the video platform to separate from his Chinese parent company, Bytedance, and find a buyer of a country that was not considered “an adversary” before January 19. Although the country’s Supreme Court endorsed the law, the application did not change business and stopped working for a day, until Trump signed the order.
Weeks ago, he wrote on his social network, Truth Social, in reference to the future of Tiktok that he would like “that the United States had a 50% participation in a joint company.” “When doing this, we save Tiktok, we keep it in good hands and allow you to continue growingor, “he added.
Source: Lasexta
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