After questioning TikTok CEO Shou Zi Chew on Capitol Hill last Thursday, lawmakers say they are moving forward with a bill that would ban the app in the U.S. Brendan Ahern, KraneShares CIO, joined Yahoo Finance to discuss the possibility of a TikTok ban.
Ahern told Yahoo Finance that the focus on TikTok seems like a distraction, saying "we have three banks that have failed in just over the course of a few short weeks, we've got a debt ceiling crisis on the horizon and we're worried about dancing teenagers."
He went on to say that a legislation for a ban would likely fail in the court due to the first amendment. "This legislative move to ban a company just because of it happens to be owned by a company in China. It just seems like we've kind of forgotten the Constitutional rights here," Ahern told Yahoo Finance,
Key video moments:
00:00:02 On issues in U.S. outside of TikTok
00:00:30 On the fate of TikTok legislation
00:00:58 "ByteDance on their board sits a major U.S. private equity firm"
00:01:05 On TikTok ban hurting investors