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Trump eyes TikTok deal
Mar 31, 2025
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The Big Story
Trump expects TikTok 'deal' ahead of deadline
President Trump indicated he expects to reach a deal on TikTok
ahead of an April 5 deadline to begin enforcing a ban on the popular video-sharing app.
© Damian Dovarganes, Associated Press file
When asked aboard Air Force One whether he would extend the deadline if necessary, the president said, “There’ll be a deal with TikTok,” adding “we would,” seemingly in response to the extension question.
“We’re working on TikTok,” Trump said. “We have a lot of potential buyers. There’s tremendous interest in TikTok.”
“We’re dealing with China also on it because they may have something to do with it. And we’ll see how that goes,” he added. “But it’s something I think you’re going to have, I’d like to see TikTok remain alive.”
A law banning the app is set to go into effect Saturday. The law, passed by large bipartisan majorities in Congress last April, requires TikTok’s China-based parent company ByteDance to divest from the app or face a ban on U.S. networks and app stores.
It was initially meant to take effect on Jan. 19, just one day before Trump’s inauguration. However, former President Biden declined to enforce the law in his final days in office, and Trump signed an executive order giving TikTok a 75-day reprieve amid a push by the new administration to strike a deal.
Trump's campaign utilized TikTok during his 2024 bid, and the White House has previously told The Hill it would use the video-sharing app itself if the parent company divested.
Numerous buyers have made offers for the app, although Larry Ellison’s Oracle has emerged as a top contender, according to multiple media outlets.
Read more in a report at TheHill.com.
Welcome to The Hill’s Technology newsletter, we're Miranda Nazzaro and Julia Shapero — tracking the latest moves from Capitol Hill to Silicon Valley.
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Crypto Corner
Trump family eyes bitcoin mining in latest venture
© AP Photo/Evan Vucci, File
Welcome to Crypto Corner, a daily feature focused on digital currency and its outlook in Washington.
Two of President Trump's sons are taking on a new cryptocurrency venture as the family expands its work in the digital assets space.
Eric Trump and Donald Trump Jr. announced on Monday they struck a deal with bitcoin mining company Hut 8 to start a new company, American Bitcoin Corp.
The new company will focus on "industrial-scale Bitcoin mining and strategic Bitcoin reserve development."
"From the start, we've backed our conviction in Bitcoin -- personally and through our businesses," Trump Jr. said in a statement. "But simply buying Bitcoin is only half the story. Mining it on favorable economics opens an even bigger opportunity."
Eric Trump, who will serve as the company's chief strategy officer, pointed to Hut 8's "proven operational excellence in data centers," in Monday's announcement.
What is Bitcoin mining? This is the process used to create new bitcoins and verify Bitcoin transactions to be officially entered onto the blockchain.
It involves the computation of complex mathematical problems using software and requires vast amounts of energy as a result.
It can be very lucrative but faces scrutiny from environmental organizations as a result of its energy demand.
Look back: This is the third crypto business venture the Trump family has pursued as the president promises to make the United States the "crypto capital of the world."
Trump and his sons launched a crypto company called World Liberty Financial last year, while the president and first lady launched meme coins shortly before Inauguration Day.
The ventures align with Trump's official presidential actions seeking to boost the cryptocurrency industry.
Trump later signed an executive order creating a strategic Bitcoin reserve and a digital assets stockpile, fulfilling a promise he made on the campaign trail last year.
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