President Donald Trump has signed an executive order mandating TikTok to transfer its operational control to American investors by September 25, 2025. The order targets ByteDance, the Chinese owner of TikTok, and requires the transfer of its algorithm to U.S. investors, citing national security concerns. This move is part of ongoing efforts to regulate Chinese technology companies and address data privacy issues. Despite the significant political implications, the order has not yet impacted cryptocurrency markets.