On June 19, 2025, Donald Trump signed an executive order delaying TikTok's sell-or-ban deadline by 90 days until September 17, 2025.
Trump Signs Executive Order
Trump's order will facilitate continued search for an American buyer or partner for TikTok. The app remains available for 170 million users and 7.5 million businesses in the U.S. Trump announced this on his Truth Social platform:
> "I’ve just signed the Executive Order extending the Deadline for the TikTok closing for 90 days."
Reactions from Congress
Reactions to the extended deadline in Congress were mixed. Senate Intelligence Vice Chair Mark Warner (D-Va.) criticized the extension as ‘flouting the law.’ The new law, signed by President Biden in April 2024, requires ByteDance to divest by January 19, or TikTok will be banned. In contrast, Senate GOP leaders called for a ‘realistic’ solution.
Potential TikTok Buyers
Several potential buyers for TikTok have emerged, including Amazon and Oracle, as well as entrepreneurs Frank McCourt and Kevin O’Leary. All deals remain in negotiation, and U.S. officials will scrutinize any buyer for foreign ties. Rumors regarding the purchase being linked to cryptocurrencies have gained traction. A TikTok spokesperson denied any investment in the alleged Trump-themed cryptocurrency.
The delay centers around the crucial question of TikTok's future in the U.S. and amplifies the political and financial tensions surrounding the potential shift of the company from its current ownership to American investors.
