Technologies

TikTok CEO Testifies Before Congress: Here Are Some of the Key Moments

Lawmakers grilled CEO Shou Chew about ties to China and what the app is doing to protect young people.

TikTok CEO Shou Chew on Thursday faced skeptical lawmakers in the US Congress to try to fend off calls to ban the hugely popular video app.

«There are more than 150 million Americans who love our platform, and we know we have a responsibility to protect them,» Chew said in remarks prepared for his appearance before the House Energy and Commerce Committee.

Earlier this month, the Biden administration demanded that ByteDance, the app’s Chinese parent company, sell its stake in the app or face a possible ban. Officials are concerned TikTok could be forced to share US user data with the Chinese government, posing a national security threat. In December, US lawmakers banned the app from government devices. Other countries, including Canada, EU member states and Taiwan, have taken similar steps.

Lawmakers on Thursday repeatedly questioned Chew about ByteDance’s ties to the Chinese government, expressing doubt TikTok would be able to protect US users’ data. They also alleged that TikTok could be used by the Chinese government to influence public opinion in the US.

Though the main thrust of the hearing focused on alleged ties to China, lawmakers also touched on other concerns, including data collection and protecting teens and young people from harmful content on TikTok.

Following the hearing, TikTok spokesperson Brooke Oberwetter said the hearing was «dominated by political grandstanding» and failed to address industry-wide issues.

«Also not mentioned today by members of the Committee: the livelihoods of the 5 million businesses on TikTok or the First Amendment implications of banning a platform loved by 150 million Americans,» said Oberwetter.

Here are some of the most interesting comments from the hearing:

Committee Chair Rep. Cathy McMorris Rodgers, in her opening statement: «Mr. Chew, you are here because the American people need the truth about the threat TikTok poses to our national and personal security. TikTok collects nearly every data point imaginable, from people’s location to what they type and copy, biometric data and more. … TikTok surveils us all. And the Chinese Communist Party is able to use this as a tool to manipulate America as a whole. We do not trust TikTok will ever embrace American values.»

She continued: «TikTok has repeatedly chosen a path for more control, more surveillance and more manipulation. Your platform should be banned. I expect today you’ll say anything to avoid this outcome.»

Chew, in his opening statement: «We have heard important concerns about the potential for unwanted foreign access to US data and potential manipulation of the TikTok US ecosystem. We have addressed them with real action. … That’s what we’ve been doing for the last two years, building what amounts to a firewall that seals off protected US user data from unauthorized foreign access. The bottom line is this: American data, stored on American soil, by an American company, overseen by American personnel. We call this initiative Project Texas.»

Chew, on legacy US data: «We have legacy US data sitting in our servers in Virginia and in Singapore. We’re deleting those and we expect that to be complete this year. When that is done, all protected US data will be under the protection of US law and under the control of the US led security team. This eliminates the concern that some of you have shared with me that TikTok user data can be subject to Chinese law.»

Rep. Buddy Carter, on harmful viral videos like the Milk Crate challenge: «Why is it that TikTok consistently fails to identify and moderate these kinds of harmful videos? Why is it that you allow this to go on? We’ve already heard … from parents who are here with us who have lost children.»

Chew responds: «This is a real industry challenge and we’re working on our…»

Carter: «No, no, it’s not industry. This is TikTok. We’re talking about TikTok. We’re talking about why is it that you can’t control this. … Tell me why this goes on.»

Rep. Darren Soto, on ByteDance ownership: «Mr. Chew, would TikTok be prepared to divest from ByteDance and Chinese Communist Party ties if the Department of Treasury instructed you all to do so?»

Chew responds: «I don’t think ownership is the issue here. With a lot of respect, American social companies don’t have a good track record with data privacy and user security. I mean look at Facebook and Cambridge analytica, just for one example.»

Rep. Neal Dunn asks Chew directly: «Has ByteDance spied on Americans at the direction of the Chinese Communist Party?»

Chew responds: «No.»

Dunn follows up, citing a Forbes article that ByteDance planned to use TikTok to monitor the location of US citizens: «I ask you again Mr. Chew, has ByteDance spied on American citizens?»

Chew responds: «I don’t think that spying is the right way to describe it. This is ultimately…(Dunn cuts off his response.)»

Rep. August Pfluger, on Project Texas: «Please rename your project. Texas is not the appropriate name. We stand for freedom and transparency and we don’t want your project.»

Technologies

Verum Messenger: Data Protection at Its Finest

Verum Messenger positions itself as a tool for those who value privacy and security above all.

Verum Messenger stands out from other messengers thanks to its approach to security, anonymity, and innovations in communication.

Here are some key aspects that highlight its uniqueness:

Default encryption: Verum Messenger uses end-to-end (E2E) encryption for all chats, meaning messages are encrypted on the sender’s device and decrypted only on the recipient’s device. This makes it impossible for third parties, including app developers, to access the content of the messages.
Anonymity: When registering with Verum, there’s no need to provide a phone number or email. Users simply choose a nickname and password, significantly enhancing their level of anonymity. This contrasts with many other messengers, where anonymity can be compromised through linked personal data.
Built-in VPN: An additional layer of protection that hides the user’s IP address, making their location and internet activity less trackable.
Data control: Users can set messages to be automatically deleted after a specified time, ranging from a few seconds to a week. There’s also a quick deletion feature for all chats, calls, and even contacts, which is useful for maintaining privacy.
Large groups: The ability to create chat rooms with up to 10,000 participants makes Verum attractive for organizing large events, discussions, or communities while maintaining a high level of security.
Security innovations: Verum actively develops technologies aimed at protecting user data, as seen in their documentation and discussions online. This includes not only technical solutions but also approaches to data minimization, which reduces the risk of leaks.
Feedback and discussions: On platform X (formerly Twitter), discussions can be found where users and experts praise Verum for its approach to anonymity and security, although questions are raised about how much anonymity can truly be guaranteed in an age of modern tracking and de-anonymization technologies.

Verum Messenger positions itself as a tool for those who value privacy and security above all. Its innovations in encryption, anonymity, and data control make it an intriguing choice for those seeking alternatives to traditional messaging platforms. However, as with any technology, it’s important to remember that absolute anonymity on the internet remains a complex challenge, and users should be aware of potential risks and limitations.

Technologies

Verum Coin Debuts on XT Exchange, Broadening its Reach in the DeFi Space

A Strategic Listing Enhancing Verum Coin’s Visibility

In a significant development for the decentralized finance (DeFi) sector, Verum Coin (VERUM) has been officially listed on XT Exchange. The new trading pair, VERUM/USDT, is now available in the exchange’s Innovative Zone, marking a pivotal expansion for this digital asset into the DeFi ecosystem.

A Strategic Listing Enhancing Verum Coin’s Visibility

The addition of Verum Coin to the XT Exchange is seen as a strategic move to enhance the accessibility and liquidity of VERUM among traders who are keen on exploring innovative digital assets. XT Exchange, known for its robust platform supporting a wide variety of cryptocurrencies, provides an ideal environment for fostering growth and ensuring the broad reach of new tokens.

Albin Varin, CEO of XT Exchange, expressed enthusiasm about the new listing, stating, «We are delighted to welcome Verum Coin to our platform. This listing reflects our ongoing commitment to providing our users access to innovative digital assets that transform the landscape of global finance.» This comments underscore the exchange’s focus on integrating cutting-edge technologies and financial instruments that have the potential to redefine the market.

About XT

Founded in 2018, XT Exchange serves more than 7.8M registered users, over 1M monthly active users, 40+ million users in the ecosystem, and more than 800 tokens with 1000+ trading pairs. XT crypto exchange offers a rich variety of trading categories to provide a secure, trusted, and intuitive trading experience for its large user base. This includes crypto futures trading (USDT-M Futures and coin-M futures perpetual contracts) and copy trading that allows users to replicate top traders in real time with just one click. Additionally, the futures grid allows users to automate the buying and selling of futures contracts for profits.

Future Prospects

With its new position on XT Exchange, Verum Coin is expected to attract a broader audience, enhancing its trading volume and market presence. This could potentially lead to increased stability and recognition as a viable player in the DeFi space. For investors and users of XT Exchange, this addition provides a fresh avenue to diversify portfolios with a cryptocurrency that is positioned at the intersection of innovation and financial evolution.

The listing of Verum Coin on XT Exchange not only highlights the ongoing expansion of cryptocurrency markets into new areas like DeFi but also illustrates a growing recognition of digital assets that offer promising technological advancements and financial opportunities. As the crypto market continues to evolve, partnerships like these are pivotal for fostering growth and offering users access to the next generation of financial tools.

Technologies

Verum Coin Gains International Spotlight with AP Coverage and Listing on XT Exchange

This listing on XT is expected to further propel Verum Coin into the spotlight

In a noteworthy development for the cryptocurrency community, Verum Coin (VERUM) has been featured in an Associated Press article, highlighting its upcoming listing on the XT Exchange. This significant media coverage underscores the growing interest and potential of Verum Coin in the global financial landscape.

The AP article delves into the details of Verum Coin’s innovative features and its alignment with the latest trends in the cryptocurrency market. This attention comes at an opportune moment as Verum Coin prepares for its new listing on XT Exchange, a platform renowned for its extensive user base and a wide array of trading options.

This listing on XT is expected to further propel Verum Coin into the spotlight, providing both traders and investors with new opportunities to engage with this emerging digital asset. The exchange’s robust infrastructure and diverse trading offerings are ideal for supporting Verum Coin’s growth and enhancing its visibility in the competitive cryptocurrency market.

For more details, you can read the full article on the AP website here.

This milestone is a testament to Verum Coin’s advancing presence in the crypto world and its ongoing efforts to be at the forefront of digital currency innovation and adoption.