News about the extension of the TikTok sale deadline by the U.S. Government
President Trump's new policy on TikTok
On June 18, news from PANews reported that, according to sources from the Associated Press, U.S. President Donald Trump will sign an executive order this week to extend the deadline for the sale of the shares of TikTok's parent company - ByteDance. This extension will be for 90 days, marking the third time since he took office. The purpose of this measure is to expedite the completion of the TikTok sale in the U.S., thereby minimizing legal and commercial risks.
The impact of extension orders on the cryptocurrency industry
Although the U.S. government still maintains a ban on TikTok, the extension helps sustain stability for investors in the cryptocurrency sector related to tokenization projects or blockchain platforms interacting with TikTok's data. Target investors closely monitor these legal developments to optimize their investment strategies, especially in the context of limits related to data transfer and digital ownership.
Influencing factors and future prospects
Under the guidance of President Trump, alongside maintaining data control principles, the government also hopes that President Xi Jinping can approve ByteDance's equity distribution agreement soon. This not only facilitates cryptocurrency-related deals such as ICOs, NFTs, or data-related blockchain projects but also opens up opportunities for international cooperation in the global technology and cryptocurrency industry.
Conclusion
The extension of the TikTok sale reflects the U.S. government's efforts to balance cybersecurity and maintain commercial interests. For the cryptocurrency community, this development is significant in promoting Data Token-linked projects or blockchain platforms integrated with social media services. Closely monitoring these developments will help investors maintain their positions and seize opportunities in the diverse and potential field of global cryptocurrency.
Source: https://tintucbitcoin.com/trump-gia-han-ban-tiktok-90-ngay-chien-luoc-an-ninh/
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