A spin-off deal saved TikTokâs US future. Sen. Ed Markey is questioning if it puts national security at risk | CNN Business

Four months after TikTokâs US assets were spun off into a new joint venture to avert a ban, Sen. Ed Markey says Americans still donât have enough information about whether the deal addresses national security concerns related to the popular video app. Markey, a Massachusetts Democrat, on Friday sent letters to TikTok US and Oracle claiming the spin-off deal violated âthe spirit, if not the letterâ of a 2024 law meant to protect Americans on TikTok. The letters demand information about the groupâs relationship to TikTokâs Chinese parent company ByteDance. The letters could reignite lingering questions about the yearslong effort to secure TikTokâs future in the United States while protecting American users. CNN has reached out to TikTok and Oracle for comment. President Donald Trump, during his first term, vowed to ban the app. In 2024, then-President Joe Biden signed a law requiring that the US version of the app be spun off from ByteDance or be banned in the United States. Lawmakers feared that China could steal US usersâ data or manipulate the content they see on the app. But during his second term, Trump repeatedly delayed enforcement of the law as he sought a dea
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