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Statement from Treasury Spokesperson Monica Crowley

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“The Treasury Department remains focused on reaching a resolution of the national security risks arising from ByteDance’s acquisition of Musical.ly, in accordance with the August 14 order signed by the President, and we have been clear with ByteDance regarding the steps necessary to achieve that resolution.  We refer questions regarding the pending litigation to the Department of Justice.”

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Regulator Information

Abbreviation: UST
Jurisdiction: United States

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