Trump steps in to save TikTok and unveils his own cryptocurrency – A bold move in the Digital Revolution!
Public officials have expressed their concerns for years that TikTok’s gathered data might be shared with the Chinese government through its parent company ByteDance. This could result in 170 million users in the U.S. being exposed to Chinese propaganda.
To prevent this, former President Biden signed a bill in April giving ByteDance nine months to sell the popular video platform, or else it would be banned in the U.S – the TikTok ban was a request Trump already announced back in 2020 during his first presidency, by the way.
That’s why TikTok shut down on Saturday due to "necessary clarity" – or maybe to tell their audience to touch some grass; details may vary. But on a busy weekend, Trump saved our brain rot with one hand and introduced a new cryptocurrency with the other. Here’s everything you need to know about that.
Trump Saves TikTok’s Future
Because we are aware that the average TikTok user attention span is shorter than a Vine, here’s the news first. The word "saved" should be taken with a grain of salt. Trump stated that a 90-day extension is "most likely," giving the company more time to find a new owner. Furthermore, he presented his initial thought of a 50% TikTok ownership by the U.S. The platform went back online on Sunday.
Conspiracy theorists would say everything falls into place, since now Trump's buddy and the richest man in the world, Elon Musk, could add TikTok to his social media trophy cabinet. Given that 23% of Tesla's revenue comes from China and his great relationship with the Chinese government, while Trump could assure his power with a 50% ownership. But that’s just crazy conspiracy talk, right? ...Right?!
$TRUMP Coin to the Moon?
On Saturday, Trump also released his new cryptocurrency. The $TRUMP Coin jumped from about $6 to $72 in less than a day and reached a quick all-time high market value of $12 billion on Sunday. 80% of the currency is currently owned by two companies that have a close relationship with the Trump organization, one of them being named Fight Fight Fight, referencing the Trump assassination attempt.
My NEW Official Trump Meme is HERE! It's time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW. Go to https://t.co/GX3ZxT5xyq - Have Fun! pic.twitter.com/flIKYyfBrC
— Donald J. Trump (@realDonaldTrump) January 18, 2025
Conspiracy theorists would say the companies are going to do a Hawk Tua-like rug pull and then get pardoned by Trump, but that would be... you know the deal.
Have you already invested in $TRUMP Coin, and is TikTok worth saving? Tell us in the comments!