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gangotri textiles limited (gangotri) ✌️【Earnings】✌️ Free stock market analysis and real-time data to help you select the best investment portfolio and achieve stable returns. The White House has looked into options to keep TikTok accessible to its 170 million American users if a ban that is set to go into effect Sunday continues as planned.

But White House officials say they don’t believe President Joe Biden has the authority to defer enforcement of a law he signed in April that required the app’s Chinese parent company, ByteDance, to sell TikTok to American ownership by January 19. If it is not sold, TikTok would be barred from US app stores.

gangotri textiles limited (gangotri) ✌️【Earnings】✌️ Get precise stock market predictions and free access to real-time market data for efficient decision-making and portfolio growth. The ban is scheduled to take effect on the last full day of Biden’s administration, barring an unlikely last-minute intervention from the Supreme Court. A White House official said Thursday that because the ban’s timing comes at the end of Biden’s term, it will be up to President-elect Donald Trump’s administration to decide how to implement the ban.

“Our position on this has been clear: TikTok should continue to operate under American ownership. Given the timing of when it goes into effect over a holiday weekend a day before inauguration, it will be up to the next administration to implement,” the official said.

gangotri textiles limited (gangotri) ✌️【Earnings】✌️ Free access to real-time stock indices, futures data, and market predictions to help you select high-return stocks and build a profitable portfolio. The law allows Biden to impose an extension of up to 90 days, but it requires the president prove that negotiations surrounding the purchase of TikTok make significant progress, and ByteDance has maintained that they have no intention to sell the app.

gangotri textiles limited (gangotri) ✌️【Earnings】✌️ Professional stock market predictions and analysis with real-time data to guide your investment decisions and ensure steady growth. Still, some lawmakers have urged Biden to grant ByteDance that extension. Democratic Sen. Ed Markey and Kentucky Republican Sen. Rand Paulwrote to Bidenin December asking for a delay in the law’s implementation citing “its consequences for free expression.”

gangotri textiles limited (gangotri) ✌️【Earnings】✌️ Free stock selection service with expert predictions and real-time market insights, providing you with the best investment strategies for long-term success. Trump, who has promised to “save TikTok” in a reversal for his previous support of a ban, is weighing a plan that could give ByteDance more time to work out a deal. But any reprieve from Trump would have to come after the ban is already set to take effect.

gangotri textiles limited (gangotri) ✌️【Earnings】✌️ Real-time updates on global stock trends and expert market analysis to help you select profitable stocks and grow your wealth effectively. Wildly popular TikTok is where aboutone-third of young adultsin the US regularly get their news. But both Trump and Biden have raised concerns in the past about content manipulation on the platform, its data collection practices and national-security concerns related to its parent company’s ties with China.

But in a nod to just how influential the app is, both Trump and the ill-fated Biden 2024 presidential campaign joined TikTok after they called for it to be banned.

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“There are valid concerns that the act may set a dangerous global precedent by exercising the extraordinary power to shut down an entire social-media platform based, in large part, on concerns about disfavored speech on that platform,” Trump’s brief said.

gangotri textiles limited (gangotri) ✌️【Earnings】✌️ Professional advisors provide accurate market predictions with real-time stock indices, exchange rates, and futures data to help you seize investment opportunities and grow your capital. Stephen Miller, Trump’s incoming deputy chief of staff for policy and homeland security adviser, said during a Thursday appearance on Fox News that Trump intends to “develop a comprehensive national strategy to protect Americans’ data and protect Americans’ privacy without unconstitutionally constraining their ability to conduct free speech online.”

Pressed on whether Trump intends to take executive action protecting TikTok’s ability to function in the immediate future, Miller did not directly respond, but said Trump is expecting that he will be the one to manage the process.

“Without giving anything away, it would be my assumption that President Trump would want to have as president of the United States the ability to manage this process to ensure, again, we are protecting America, but also protecting sacred and fundamental rights,” he said.

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