A framework agreement between the Trump administration and China includes TikTok’s continued U.S. operation, facilitated by President Trump and significant contributions from Oracle’s Larry Ellison.
The agreement holds potential trade implications but does not directly impact cryptocurrency markets, lacking measurable effect on digital assets like ETH or BTC.
Trump Approves TikTok-US Operational Framework
A new framework agreement has been reached between the Trump administration and China to keep TikTok operational in the United States. This arrangement involves input from President Trump and Treasury Secretary Scott Bessent, alongside Oracle’s executive chairman, Larry Ellison.
President Trump has provided guidance in negotiations, while US Treasury Secretary Scott Bessent acted as the lead negotiator. Oracle is expected as the leading buyer, despite no detailed financial figures being disclosed in this announcement.
TikTok Deal Leaves Crypto Markets Unmoved
This agreement potentially affects tech market activities but has shown no immediate impact on crypto assets. Treasury officials have not reported any changes in digital asset markets as a result of these negotiations.
Historically, US-China tech deals have impacted tech equities but have shown no direct effect on the cryptocurrency market. Data and expert analyses suggest minimal influence of the TikTok deal on crypto sectors.
No Ripple Effect on Crypto from US-China Pact
Previous tech deals between the US and China, such as those involving Huawei, highlighted geopolitical impacts on tech markets. These events have generally not affected crypto tokens or decentralized finance protocols.
Kanalcoin experts assert that historical trends indicate limited effects on crypto from such agreements. The isolated nature of the TikTok deal emphasizes focused negotiations, with no anticipation of ripple effects in the crypto sector. As Donald Trump mentioned, “Had a call…specific guidance…”
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