ChainCatcher news, according to Jinshi reports, U.S. President Trump announced on social media on the 4th that he will sign an executive order, granting TikTok a 75-day grace period for the "sell or be banned" law.

ChainCatcher news, according to ABC News, a Biden administration official stated that the Biden administration does not intend to take action to force TikTok to shut down its U.S. operations immediately on Sunday. TikTok can still choose to shut down its operations that day. However, the Biden administration now indicates that it will not enforce the law that takes effect the day before it leaves office.A White House official stated, "Our position on this issue is clear—TikTok should continue to operate under U.S. ownership. Given that the law will take effect on the weekend before Trump's inauguration, how it will be implemented will depend on the next administration."The law does not require TikTok to shut down on January 19, but if app stores continue to provide services for TikTok, it could run into trouble, as the law grants the Justice Department the authority to impose fines of up to $5,000 per user.

ChainCatcher news, according to the Washington Post, Trump has been considering how to save TikTok, discussing unconventional deals and legal measures. According to two insiders, Trump is contemplating issuing an executive order shortly after taking office to suspend the enforcement of the TikTok "sell or be banned" law for 60 to 90 days.Trump has over 14 million followers on TikTok and has been seeking to fulfill his campaign promise to "save TikTok." One insider said that Trump hopes to sign the executive order shortly after the deadline (the day before the inauguration), making the process as dramatic as a movie.However, the strategy of using executive orders that Trump quickly adopted during his first term has raised doubts among some legal observers, who believe that Trump's words cannot entirely override laws passed by Congress with overwhelming bipartisan support. Former National Security Advisor to the U.S. Department of Justice, Alan Rosenstein, commented, "Executive orders are not magical documents; TikTok will still be banned."