Former President Donald Trump is considering hiring hedge fund manager Jeff Yass to be his Treasury secretary if he wins November’s presidential election, it was reported Thursday.
Yas’ investment company, Susquehanna International Group, owns a 15% stake in ByteDance, TikTok’s Chinese parent company, and Yas personally owns a 7% stake in the company, worth about $21 billion. I own it. According to NBC News.
First reported by Bloomberg News President Trump is interested in having Yas serve in his cabinet.
The paper also lists former Trump administration U.S. Trade Representative Robert Lighthizer, Key Square Group LP founder Scott Bessent, and Paulson & Co. founder John Paulson as candidates for Treasury secretary. It is pointed out that there are.
Multiple Trump campaign officials denied on Thursday that the presumptive Republican presidential nominee is mulling over possible Cabinet reshuffles ahead of his battle with President Biden in the general election.
“President Trump is focused on elections, not staffing his administration,” one official told the Post.
“There has been no discussion of who will serve in the second Trump administration,” Trump campaign adviser Stephen Chan said in a statement. “President Trump will ultimately choose the best people for his Cabinet to undo all the damage crooked Joe Biden has done to our country.”
The Post reported last week that Yas, a billionaire Republican megadonor, personally called House Republicans to try to block a bill that would force ByteDance to sell TikTok within six months. Ta. America.
A bill to protect Americans from regulatory applications by foreign adversaries easily passed the House on Wednesday by a vote of 352-65.
The push to force a sale of the popular video-sharing app stems from concerns that ByteDance could give the Chinese Communist Party access to user data.
Last week, President Trump spoke out against the TikTok divestment bill, saying it would help Facebook and calling the company “the real enemy of the people!”
“If you eliminate TikTok, Facebook and Zuckerschmuck’s business will double,” the former president said. Claimed in a Truth Social postapparently referring to Meta founder and CEO Mark Zuckerberg.
“We want Facebook, which cheated in the last election, to do better. They are the true enemy of the people!” he added.
Mr. Trump’s opposition to the bill came after Mr. Yas invited him to speak at a rally sponsored by the Club for Growth, a pro-business group that opposes the ban on TikTok.
President Trump has previously supported banning TikTok in the United States, going so far as to sign an executive order in August 2020 giving ByteDance a 45-day moratorium on selling the social media platform.
President Trump’s order was blocked in court. Biden lifted the ban upon his inauguration.
ByteDance denies that it shares user data with CCPs. call for concern “False alarm.”
