At least 14 states have passed bans on the service on government-issued devices in recent weeks. And Congress appears poised to pass a similar prohibition for federal workers.
In a discussion with Andrew Ross Sorkin of The New York Times, Sam Bankman-Fried blamed “huge management failures” and sloppy accounting for the collapse of the FTX cryptocurrency exchange.
A draft agreement with the Biden administration to keep the Chinese-owned video app operating in the United States is under review. That could mean more wrangling.
The move, which is bound to heighten tensions with Beijing, is designed to focus on specific types of transactions that would give a foreign power access to key technologies.