The US opens the door to the ban of TikTok and the seizure of Russian assets

The House of Representatives, the lower house of the United States Congress, passed a bill on Saturday that could potentially lead to a nationwide ban on the popular video-sharing platform TikTok. The legislation requires its Chinese parent company, ByteDance, to sever ties with the platform in order to avoid the ban.

In addition to this, the House also approved another regulation that grants the US Government the authority to seize frozen Russian assets worth approximately 6 billion euros. This move aims to exert pressure on Russia.

Both legislations are tied to a substantial aid package of around 90 billion euros allocated for Ukraine, Israel, and Taiwan.

The bill, which was awaiting a vote, ended up being approved with 360 votes in favor and 58 against.