TikTok has reached a preliminary deal to sell its U.S. operations to an American-based investor group, the White House said.

TikTok US is set to sell to an investor consortium that will retrain its algorithm and keep Americans connected to users in other parts of the world.

The House CCP Committee chairman plans to conduct oversight of the deal's framework to ensure adherence to the law.

An Emirati state-backed investment firm that boosted President Trump’s crypto venture stands to win a stake in a U.S. TikTok spin-off as part of a deal negotiated by Trump’s White House.

The Act referenced in the EO is the 2024 Protecting Americans from Foreign Adversary Controlled Applications Act, which was specifically made to apply to TikTok owner ByteDance Ltd. The Act said such an application must be divested or banned if it constitutes a national security threat.

President Trump is expected to approve a proposed deal this week that would ensure TikTok in the United States is majority-owned by American investors and keep user data in a "trusted" cloud in the U.

He added that the goal is to keep TikTok operating and to protect American data, as required by the law passed by Congress. "This deal really does mean Americans can use TikTok but actually use it with more confidence than they had in the past because their data is secure and it won't be used as a propaganda weapon like it has in the past,