Source: Cointelegraph Original: "{title}"
The social app Zoop, created by OnlyFans founder Tim Stokely, and the HBAR Foundation have reportedly submitted a bid to acquire TikTok's operations in the United States.
According to a Reuters report on April 2, the HBAR Foundation and Zoop have submitted a letter of intent to the Trump administration to bid for TikTok. This bid follows those from other major tech companies, such as Amazon, Oracle, Microsoft, and Rumble, aiming to allow the video-sharing app to continue operating among U.S. users.
Reportedly, Zoop co-founder RJ Phillips stated, "Our bid for TikTok is not just about changing ownership, but about creating a new paradigm where creators and their communities directly benefit from the value they create."
On April 2, the HBAR Foundation posted TikTok's logo on its X account, hinting at its potential bid to acquire the company. Source: HBAR Foundation
In 2024, the U.S. Congress passed a bill that was signed into law by former President Joe Biden, which could ban TikTok from operating in the U.S. unless its operations are separated from its Chinese parent company, ByteDance. According to the bill, the initial deadline for the sale of the company was set for January 19. After President Trump took office, he signed a 75-day execution delay, pushing the potential TikTok sale date to April 5.
The HBAR Foundation is an organization working with Hedera, which had a market capitalization of over $7.3 billion at the time of release. Cointelegraph has reached out to the HBAR Foundation and Zoop regarding the TikTok deal, but has not received a response as of publication.
It remains unclear how Trump intends to proceed with the sale or ban of TikTok. He may sign another delay order to postpone the enforcement of the law, but only Congress can overturn this decision by passing a bill.
The U.S. President plans to announce large tariffs on unnamed countries at 4:00 PM Eastern Time, which could shake the market. Since Trump took office on January 20, the price of Bitcoin (BTC) has fallen from below $100,000 to $86,927 at the time of publication.
Related: Curve Finance's trading volume reached $35 billion in Q1 2025.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
