Stock Market News

Top Senate Republican urges Supreme Court to reject TikTok appeal

2024.12.18 12:21

By David Shepardson

WASHINGTON (Reuters) – Top Senate Republican Mitch McConnell on Wednesday urged the U.S. Supreme Court to reject a bid by TikTok and its China-based parent company ByteDance to block a law intended to force the sale of the short-video app by Jan. 19 or face a ban on national security grounds.

The court has scheduled arguments on the case for Jan. 10.

McConnell in a brief filed with the court called the companies’ arguments “meritless and unsound… This is a standard litigation play at the end of one administration, with a petitioner hoping that the next administration will provide a stay of execution. This court should no more countenance it coming from foreign adversaries than it does from hardened criminals.”

McConnell noted Congress set the Jan. 19 date that “very clearly removes any possible political uncertainty in the execution of the law by cabining it to an administration that was deeply supportive of the bill’s goals.”

TikTok did not immediately comment. The company noted in legal filings that President-elect Donald Trump has said he does not want TikTok banned.

The American Civil Liberties Union, Electronic Frontier Foundation and Knight First Amendment Institute at Columbia University in a joint filing urged the court to block a ban of TikTok “that millions use every day to communicate, learn about the world, and express themselves.”

The groups called the ban unprecedented, adding it “will cause an extraordinary disruption in Americans’ ability to engage.”

© Reuters. FILE PHOTO: U.S. Senate Minority Leader Mitch McConnell (R-KY) holds a press conference at the U.S. Capitol in Washington, U.S., November 19, 2024. REUTERS/Elizabeth Frantz/File Photo

New downloads of TikTok on Apple (NASDAQ:) or Google (NASDAQ:) app stores would be banned but existing users could continue to access TikTok but services would degrade over time and eventually stop working as companies will be barred from providing support.

TikTok said in a court filing this week it estimates one-third of the 170 million Americans using TikTok would stop accessing the app if the ban lasts a month.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 104,193.92 2.46%
ethereum
Ethereum (ETH) $ 3,296.36 0.21%
xrp
XRP (XRP) $ 3.12 4.01%
tether
Tether (USDT) $ 0.999242 0.02%
solana
Solana (SOL) $ 240.31 5.06%
bnb
BNB (BNB) $ 687.67 0.50%
dogecoin
Dogecoin (DOGE) $ 0.379082 2.34%
usd-coin
USDC (USDC) $ 1.00 0.01%
cardano
Cardano (ADA) $ 0.996649 5.36%
staked-ether
Lido Staked Ether (STETH) $ 3,290.17 0.08%
tron
TRON (TRX) $ 0.241447 1.48%
chainlink
Chainlink (LINK) $ 25.81 2.24%
avalanche-2
Avalanche (AVAX) $ 36.66 1.50%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,934.18 0.52%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 104,272.94 2.21%
stellar
Stellar (XLM) $ 0.439067 3.95%
sui
Sui (SUI) $ 4.45 2.97%
hedera-hashgraph
Hedera (HBAR) $ 0.335808 6.55%
the-open-network
Toncoin (TON) $ 5.08 1.48%
shiba-inu
Shiba Inu (SHIB) $ 0.000021 1.33%
weth
WETH (WETH) $ 3,296.98 0.19%
polkadot
Polkadot (DOT) $ 6.55 0.49%
parkcoin
Parkcoin (KPK) $ 1.11 2.23%
litecoin
Litecoin (LTC) $ 121.55 2.13%
leo-token
LEO Token (LEO) $ 9.60 0.70%
bitcoin-cash
Bitcoin Cash (BCH) $ 438.17 1.74%
bitget-token
Bitget Token (BGB) $ 7.19 2.63%
uniswap
Uniswap (UNI) $ 13.51 2.66%
official-trump
Official Trump (TRUMP) $ 37.68 22.37%
hyperliquid
Hyperliquid (HYPE) $ 22.78 7.60%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,485.77 0.08%
pepe
Pepe (PEPE) $ 0.000015 5.42%
usds
USDS (USDS) $ 0.998712 0.03%
near
NEAR Protocol (NEAR) $ 5.11 3.22%
ethena-usde
Ethena USDe (USDE) $ 0.998341 0.20%
aave
Aave (AAVE) $ 364.93 9.78%
aptos
Aptos (APT) $ 8.44 2.31%
internet-computer
Internet Computer (ICP) $ 9.75 1.96%
ondo-finance
Ondo (ONDO) $ 1.33 4.20%
whitebit
WhiteBIT Coin (WBT) $ 28.36 0.32%
vechain
VeChain (VET) $ 0.048804 1.42%
ethereum-classic
Ethereum Classic (ETC) $ 26.07 1.07%
monero
Monero (XMR) $ 208.68 0.23%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.452522 1.07%
mantle
Mantle (MNT) $ 1.09 15.04%
crypto-com-chain
Cronos (CRO) $ 0.134413 1.40%
algorand
Algorand (ALGO) $ 0.428617 5.56%
okb
OKB (OKB) $ 59.26 1.14%
render-token
Render (RENDER) $ 6.78 2.16%
dai
Dai (DAI) $ 1.00 0.01%