Stock Market News

TikTok faces crucial court hearing that could decide fate in US

2024.09.13 06:10

By David Shepardson

WASHINGTON (Reuters) – TikTok and parent company ByteDance face a key court hearing on Monday in a legal battle seeking to block a law that could ban the app used by 170 million Americans as soon as Jan. 19.

The U.S. Court of Appeals for the District of Columbia will hold oral arguments on the legal challenge, putting the fate of Chinese-owned TikTok in the middle of the final weeks of the 2024 presidential election.

Both Republican presidential candidate Donald Trump and Vice President Kamala Harris are active on TikTok seeking to court younger voters.

TikTok and ByteDance argue the law is unconstitutional and violates Americans’ free speech rights saying it is “a radical departure from this country’s tradition of championing an open Internet.”

Driven by worries among U.S. lawmakers that China could access data on Americans or spy on them with the app, the measure was passed overwhelmingly in the U.S. Congress in April just weeks after being introduced.

ByteDance has said a divestiture is “not possible technologically, commercially, or legally” and without a court ruling will lead to an unprecedented ban on Jan. 19. Circuit Judges Sri Srinivasan, Neomi Rao and Douglas Ginsburg will consider the legal challenges brought by TikTok and users.

TikTok and the Justice Department have asked for a ruling by Dec. 6, which could allow the U.S. Supreme Court to take up the decision before any ban takes effect.

President Joe Biden signed the law in April, giving ByteDance until Jan. 19 to sell TikTok or face a ban, but he could extend the deadline by three months if he certifies ByteDance is making progress toward a sale.

© Reuters. FILE PHOTO: U.S. flag is placed on a TikTok logo in this illustration taken March 20, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

The White House and other advocates of the law said the measure is a challenge to Chinese-based ownership of the app, and not a move to eliminate TikTok.

The White House says it wants to see Chinese-based ownership ended on national security grounds, but not a ban on TikTok.



Source link

Related Articles

Back to top button
telcoin
Telcoin (TEL) $ 0.008507 3.43%
jito-governance-token
Jito (JTO) $ 2.60 2.97%
pyth-network
Pyth Network (PYTH) $ 0.211772 3.99%
renzo-restaked-eth
Renzo Restaked ETH (EZETH) $ 2,490.60 0.88%
kaia
Kaia (KAIA) $ 0.129232 0.81%
the-sandbox
The Sandbox (SAND) $ 0.309779 1.84%
virtual-protocol
Virtuals Protocol (VIRTUAL) $ 1.17 8.59%
iota
IOTA (IOTA) $ 0.205842 4.82%
flow
Flow (FLOW) $ 0.473856 1.59%
wbnb
Wrapped BNB (WBNB) $ 619.38 1.51%
ethereum-name-service
Ethereum Name Service (ENS) $ 22.30 1.44%
bittorrent
BitTorrent (BTT) $ 0.00000074047739 1.80%
tether-gold
Tether Gold (XAUT) $ 2,913.18 0.32%
paypal-usd
PayPal USD (PYUSD) $ 1.00 0.05%
raydium
Raydium (RAY) $ 2.39 6.76%
arbitrum-bridged-wbtc-arbitrum-one
Arbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 86,982.31 0.67%
bitcoin-sv
Bitcoin SV (BSV) $ 35.11 0.38%
msol
Marinade Staked SOL (MSOL) $ 174.90 3.78%
neo
NEO (NEO) $ 9.54 1.66%
ronin
Ronin (RON) $ 1.03 1.07%
pancakeswap-token
PancakeSwap (CAKE) $ 2.17 0.43%
usdx-money-usdx
usdx.money USDX (USDX) $ 0.997237 0.26%
pax-gold
PAX Gold (PAXG) $ 2,918.63 0.34%
curve-dao-token
Curve DAO (CRV) $ 0.464833 5.26%
elrond-erd-2
MultiversX (EGLD) $ 21.32 1.65%
axie-infinity
Axie Infinity (AXS) $ 3.70 1.12%
helium
Helium (HNT) $ 3.28 2.45%
kaito
KAITO (KAITO) $ 2.38 42.24%
spx6900
SPX6900 (SPX) $ 0.620111 1.16%
thorchain
THORChain (RUNE) $ 1.64 18.21%
zcash
Zcash (ZEC) $ 35.89 10.31%
conflux-token
Conflux (CFX) $ 0.115784 2.57%
insurance-2
INSURANCE (INSURANCE) $ 30.17 0.53%
dogwifcoin
dogwifhat (WIF) $ 0.563772 4.28%
mantle-restaked-eth
Mantle Restaked ETH (CMETH) $ 2,544.41 0.76%
jupiter-staked-sol
Jupiter Staked SOL (JUPSOL) $ 149.57 3.82%
l2-standard-bridged-weth-base
L2 Standard Bridged WETH (Base) (WETH) $ 2,395.02 0.98%
starknet
Starknet (STRK) $ 0.212371 4.45%
arweave
Arweave (AR) $ 8.29 3.39%
resolv-usr
Resolv USR (USR) $ 0.999826 0.01%
chain-2
Onyxcoin (XCN) $ 0.016457 5.84%
decentraland
Decentraland (MANA) $ 0.287805 1.20%
binance-peg-dogecoin
Binance-Peg Dogecoin (DOGE) $ 0.206404 0.55%
arbitrum-bridged-weth-arbitrum-one
Arbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,398.61 0.94%
pudgy-penguins
Pudgy Penguins (PENGU) $ 0.008338 4.63%
newton-project
AB (prev. Newton) (AB) $ 0.011336 6.00%
dydx-chain
dYdX (DYDX) $ 0.700436 3.61%
beldex
Beldex (BDX) $ 0.07408 0.82%
apecoin
ApeCoin (APE) $ 0.636048 4.66%
pumpbtc
pumpBTC (PUMPBTC) $ 84,453.63 1.77%