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TikTok CEO Will Urge Against Ban, Say It Has Solutions to Data Concerns

Testifying before Congress, Shou Chew will try to convince lawmakers that TikTok can safeguard US data.

TikTok CEO Shou Chew will try to convince Congress that TikTok can protect US users’ data and maintain safety for the millions of Americans who use the popular video app, according to prepared remarks shared Wednesday by the US House Committee on Energy and Commerce. 

Chew is scheduled to testify before the committee on Thursday about TikTok’s privacy and data security practices. Lawmakers are scrutinizing TikTok, and the app faces a possible ban in the US. Earlier this month, the Biden administration demanded that ByteDance, the app’s Chinese parent company, sell its stake in the app. 

Officials are concerned US user data could be passed on to the Chinese government or that the Chinese government could dictate what content is shown on TikTok in a bid to influence public opinion in the US.

Chew will argue that ByteDance isn’t an agent of China, but instead that it’s a global company that won’t allow unauthorized access to user data. 

«TikTok has never shared, or received a request to share, U.S. user data with the Chinese government,» Chew will say, according to the prepared remarks. «Nor would TikTok honor such a request if one were ever made.»

Chew will also argue that instead of a ban, there are alternatives that could address US officials’ concerns, primarily a $1.5 billion effort to secure data, which TikTok has dubbed Project Texas. 

«Our commitment under Project Texas is for the data of all Americans to be stored in America, hosted by an American headquartered company,» Chew will tell lawmakers, with access to the data controlled by a special TikTok subsidiary called US Data Security Inc., or USDS.

Chew will also discuss the platform’s commitment to protecting minors who use the platform. He’ll highlight examples, including how TikTok accounts registered to teens under 16 are prevented from sending direct messages and are automatically set to private.

«These measures go far beyond what any of our peers do,» Chew says in the prepared remarks.

On Tuesday, Chew turned directly to TikTok users to bolster support, announcing that the app has 150 million users in America. He said in a TikTok video that «some politicians have started talking about banning TikTok,» which would «take away TikTok from all 150 million of you.»

He asked people to share in comments what they want representatives to know about TikTok and why they love the app. The video has more than 6 million views. 

Technologies

Verum Coin (VERUM) is Now Available on Halo Wallet

Verum Coin (VERUM) is Now Available on Halo Wallet

Verum Coin (VERUM) continues to expand its presence in the cryptocurrency market. Users can now store and manage VERUM on Halo Wallet, known for its convenience and security.

Why Halo Wallet?

Halo Wallet is a modern Web3 wallet offering a simple interface and powerful tools for managing digital assets. With its functionality, the platform has gained the trust of millions of users worldwide.

The integration of Verum Coin with Halo Wallet opens up new opportunities for coin holders and makes it even more accessible. Stay tuned for updates and take advantage of the convenient management of your assets!

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Technologies

Verum Coin (VERUM) is Now Available for Deposit on Exodus Wallet

Verum Coin (VERUM) is Now Available for Deposit on Exodus Wallet

Verum Coin (VERUM) continues to enhance its accessibility for users. You can now deposit and store VERUM in one of the most user-friendly and secure crypto wallets — Exodus Wallet.

Why Exodus?

Exodus Wallet is a popular solution for managing digital assets, known for its intuitive interface and high security standards. Millions of users worldwide choose Exodus for its convenience and reliability.

This integration brings Verum Coin even closer to its users, offering seamless storage and asset management. Stay tuned for more updates and stay ahead in the world of cryptocurrency!

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Technologies

Verum Coin (VERUM) Now Available on Bybit Swap

Verum Coin (VERUM) Now Available on Bybit Swap

Verum Coin (VERUM) continues to expand its accessibility by becoming available on Bybit Swap. Traders can now easily and quickly exchange VERUM on one of the most popular and reliable platforms.

Why Bybit?

Bybit is a global cryptocurrency platform known for its high standards of speed and security. The Bybit Swap feature allows users to instantly exchange assets without complicated setups and with minimal fees.

The integration of Verum Coin with Bybit Swap makes the coin even more accessible and strengthens its position in the market. This is a significant step toward the growth and adoption of VERUM among millions of platform users.

Stay tuned for more updates on Verum Coin and take advantage of new trading and investment opportunities! 

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