The post White House says Trump has no interest in owning parts of TikTok appeared on BitcoinEthereumNews.com.

Donald Trump is staying out of TikTok’s wallet. The White House confirmed Monday that the President has no plan to grab an ownership stake or take a so-called “golden share” in the video-sharing giant, as the U.S. moves forward with a deal to restructure the platform’s American operations. This update came during a press call reported by Bloomberg, as pressure mounts on ByteDance, TikTok’s parent company, to split from its U.S. business or face a nationwide ban. A senior official said the new arrangement would turn TikTok’s U.S. branch into a joint venture based in the United States. The structure will include a board made up mostly of American citizens. The government will not own any part of the company and will not have any direct control over its operations.  That’s a big difference from how Trump has handled other takeovers during his presidency. Since returning to office in January, Trump’s administration has taken equity in both Intel and U.S. Steel, securing golden shares that give him veto authority on major decisions. But TikTok? Not this time. Trump delays TikTok ban, Oracle takes over security Last week, Trump signed an executive order pushing the ban deadline on TikTok until December 16. That’s not the end of it. Another executive order is expected soon, giving the company 120 more days to wrap up its deal with investors and close out the legal work. The official on the call said the President supports the current terms and wants to give the parties space to get it done. As part of this plan, Oracle (the U.S. tech company already linked to TikTok’s data infrastructure) will now be responsible for overseeing and reviewing its algorithm, as Cryptopolitan previously reported. The goal is to stop any foreign abuse of the platform’s powerful recommendation engine. “Oracle…

---

Filed under: News - @ September 22, 2025 5:30 pm