• bitcoinBitcoin(BTC)$83,840.00-0.96%
  • ethereumEthereum(ETH)$2,661.23-0.64%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$776.771.18%
  • rippleXRP(XRP)$1.50-2.15%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$114.86-0.63%
  • tronTRON(TRX)$0.339598-0.14%
  • zcashZcash(ZEC)$1,502.17-6.56%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.040.70%
  • HyperliquidHyperliquid(HYPE)$92.16-2.93%
  • dogecoinDogecoin(DOGE)$0.094484-0.34%
  • moneroMonero(XMR)$545.39-1.80%
  • whitebitWhiteBIT Coin(WBT)$83.92-1.12%
  • USDSUSDS(USDS)$1.00-0.02%
  • chainlinkChainlink(LINK)$12.531.46%
  • cardanoCardano(ADA)$0.2462002.42%
  • RainRain(RAIN)$0.012057-3.82%
  • leo-tokenLEO Token(LEO)$8.90-0.86%
  • stellarStellar(XLM)$0.206021-0.12%
  • bitcoin-cashBitcoin Cash(BCH)$335.28-2.74%
  • nearNEAR Protocol(NEAR)$4.46-4.89%
  • uniswapUniswap(UNI)$9.15-3.03%
  • litecoinLitecoin(LTC)$72.4419.50%
  • Ethena USDeEthena USDe(USDE)$1.00-0.01%
  • daiDai(DAI)$1.00-0.01%
  • avalanche-2Avalanche(AVAX)$10.27-1.64%
  • USD1USD1(USD1)$1.00-0.01%
  • CantonCanton(CC)$0.1092190.56%
  • hedera-hashgraphHedera(HBAR)$0.0924660.76%
  • suiSui(SUI)$0.991.30%
  • the-open-networkGram (prev. Toncoin)(GRAM)$1.41-0.30%
  • shiba-inuShiba Inu(SHIB)$0.0000060.41%
  • BittensorBittensor(TAO)$286.91-4.76%
  • Global DollarGlobal Dollar(USDG)$1.00-0.02%
  • crypto-com-chainCronos(CRO)$0.0622750.07%
  • BitwayBitway(BTW)$1.0410.12%
  • MemeCoreMemeCore(M)$1.220.28%
  • paypal-usdPayPal USD(PYUSD)$1.00-0.01%
  • tether-goldTether Gold(XAUT)$4,248.24-1.08%
  • okbOKB(OKB)$119.06-0.06%
  • OndoOndo(ONDO)$0.5121.93%
  • Circle USYCCircle USYC(USYC)$1.140.01%
  • Ripple USDRipple USD(RLUSD)$1.000.01%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • Ondo US Dollar YieldOndo US Dollar Yield(USDY)$1.140.00%
  • mantleMantle(MNT)$0.672.23%
  • aaveAave(AAVE)$142.240.38%
  • EthenaEthena(ENA)$0.2157744.24%
  • MorphoMorpho(MORPHO)$2.818.62%
TradePoint.io
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop
No Result
View All Result
TradePoint.io
No Result
View All Result

Trump’s TikTok deal still worries GOP China hawks — but here’s why they’ll go along

September 26, 2025
in Business
Reading Time: 3 mins read
A A
Trump’s TikTok deal still worries GOP China hawks — but here’s why they’ll go along
ShareShareShareShareShare

GOP China hawks are expected to reluctantly support President Trump’s efforts to save TikTok from going dark in the US – despite lingering concerns about US security, On The Money has learned.

YOU MAY ALSO LIKE

I stripped down for a $499 health scan — was it worth it?

OpenAI agent hacked into Australian government website, says PM Anthony Albanese

Key Republicans were briefed earlier this week about the president’s new US-controlled company that will house the wildly popular and controversial short-video app – including how it operates the all-important recommendation algorithm.

At the closed-door briefing, administration officials told US lawmakers and staffers how a new ownership structure will remove the algorithm’s Chinese spyware and make the new TikTok safe for US users – a necessary measure to comport with a law that says the app must be banned if there’s any trace of Chinese control. 

Presindet Trump signed an executive order on Thursday that gives American investors majority control of TikTok. AFP via Getty Images

As first reported by The Post, the new TikTok algorithm will be a version of the Chinese algorithm owned by Beijing-based ByteDance that will be reformatted by Oracle, the software giant co-founded by billionaire Trump backer Larry Ellison.

Nevertheless, Congressional staffers remain skeptical whether the new algorithm can be rewritten to be completely protected from Chinese espionage given some of the wonky details of the deal disclosed during the briefing, according to people with direct knowledge of the matter. The algo will still be China’s and will be leased to the new US company.

More From Charles Gasparino

“From a national security standpoint this isn’t so great,” said a person with direct knowledge of the briefing. “The algo will be leased by the Chinese to the US TikTok for 10 years and Oracle won’t have complete say in terms of how to change it.”

A press official for Oracle had no immediate comment as did a Trump spokesman.

As first reported by The Post, the new TikTok algorithm will be a version of the Chinese algorithm owned by Beijing-based ByteDance that will be reformatted by Oracle. REUTERS

In addition to concerns over the algorithm, some lawmakers fear the Chinese will be the biggest winner from the deal, gleaning around 50% of the new company’s profits given the 20% ownership stake ByteDance will keep in the new company, and the cost of the licensing agreement for the algorithm from ByteDance. 

In fact, the cost of the algorithm, which is being paid from TikTok revenues, has reduced the valuation of the new company from the expected $40 billion to around $16 billion.

At a closed-dorr briefing, administration officials told lawmakers and staffers how a new ownership structure will remove the algorithm’s Chinese spyware and make the new TikTok safe for US users. ZUMAPRESS.com

Oracle plans to brief Congress in the coming weeks and hearings may be held in the months ahead. US lawmakers are reluctant to buck President Trump, who is said to consider the deal key to his broader negotiations with China over trade. 

“I don’t think this is a hill anyone in the Republican Party is going to die on given how much the president wants this deal,” said a person close to the GOP China hawk wing.

Charlie Gasparino has his finger on the pulse of where business, politics and finance meet

Sign up to receive On The Money by Charlie Gasparino in your inbox every Thursday.

Thanks for signing up!

Sources note that the Congressional ban law’s interpretation of “control” – with respect to both ownership and the algorithm – rests largely with the president. Trump and Vice President JD Vance, who played a key role in hammering out the new TikTok structure, believe the US security safeguards are sufficient to comport with the law.

Trump was a TikTok hater during his first term, and attempted to ban the app in the US believing it was used by the CCP for spycraft. But he’s since had a change of heart, attributing his victory in the 2024 election partly to his campaign’s flooding TikTok with pro-MAGA content.

In April 2024, former President Biden signed bi-partisan legislation banning TikTok from US app stores if it didn’t relinquish Chinese control. Trump has issued executive orders preventing the ban from taking place until a new US TikTok deal could be cobbled together. That deal was finalized Thursday.

Credit: Source link

ShareTweetSendSharePin

Related Posts

I stripped down for a 9 health scan — was it worth it?
Business

I stripped down for a $499 health scan — was it worth it?

September 24, 2026
OpenAI agent hacked into Australian government website, says PM Anthony Albanese
Business

OpenAI agent hacked into Australian government website, says PM Anthony Albanese

September 24, 2026
Cracker Barrel upgrades three popular menu items
Business

Cracker Barrel upgrades three popular menu items

September 24, 2026
Bentley unveils Torcal SUV, its first EV costing an ‘affordable’ 0K
Business

Bentley unveils Torcal SUV, its first EV costing an ‘affordable’ $230K

September 23, 2026
Next Post
Jimmy Kimmel is coming back to Nexstar and Sinclair’s ABC stations – The Washington Post

Jimmy Kimmel is coming back to Nexstar and Sinclair’s ABC stations - The Washington Post

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
Ted Cruz calls for elections in Venezuela after ‘positive’ U.S. oil deal

Ted Cruz calls for elections in Venezuela after ‘positive’ U.S. oil deal

September 21, 2026
Federal judge orders DHS to pause construction of border wall in Big Bend National Park

Federal judge orders DHS to pause construction of border wall in Big Bend National Park

September 21, 2026
Beta Bionics – Interesting & Uncertain Times

Beta Bionics – Interesting & Uncertain Times

September 17, 2026

About

Learn more

Our Services

Legal

Privacy Policy

Terms of Use

Bloggers

Learn more

Article Links

Contact

Advertise

Ask us anything

©2020- TradePoint.io - All rights reserved!

Tradepoint.io, being just a publishing and technology platform, is not a registered broker-dealer or investment adviser. So we do not provide investment advice. Rather, brokerage services are provided to clients of Tradepoint.io by independent SEC-registered broker-dealers and members of FINRA/SIPC. Every form of investing carries some risk and past performance is not a guarantee of future results. “Tradepoint.io“, “Instant Investing” and “My Trading Tools” are registered trademarks of Apperbuild, LLC.

This website is operated by Apperbuild, LLC. We have no link to any brokerage firm and we do not provide investment advice. Every information and resource we provide is solely for the education of our readers. © 2020 Apperbuild, LLC. All rights reserved.

No Result
View All Result
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop

© 2023 - TradePoint.io - All Rights Reserved!