Overview

• On June 19, Trump signed an executive order under the Protecting Americans from Foreign Adversary Controlled Applications Act granting ByteDance until September 17 to divest TikTok’s U.S. operations
• White House press secretary Karoline Leavitt said the extension will be used to secure an American buyer and ensure user data remains protected
• Senate Republicans including Roger Wicker, Josh Hawley and John Cornyn voiced frustration over continued delays and warned of ongoing security risks
• Potential suitors such as Amazon, Oracle, Frank McCourt’s consortium and others remain in talks but face hurdles from trade tariffs and required Chinese government approval
• TikTok maintains that it poses no security threat and that U.S. user data is not stored in China even as the Supreme Court upheld the sale-or-ban mandate