In response to TikTok's looming ban, President Trump has proposed the creation of 'TikTok America,' a new company primarily owned by American investors. This initiative aims to license TikTok's algorithm from ByteDance, which would retain a minority stake. Trump is reportedly acting as a broker for this sale, but approval from the Chinese government remains uncertain. Several parties, including YouTuber MrBeast and AI startup Perplexity AI, have expressed interest in purchasing TikTok's US operations. The proposal seeks to navigate the Foreign Adversary law requiring full US ownership.