Robert Hormats on China’s crypto crackdown, national security concerns over TikTok, WeChat

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  • CNBC Television published this video item, entitled “Robert Hormats on China’s crypto crackdown, national security concerns over TikTok, WeChat” – below is their description.

    Robert Hormats, managing director at Tiedemann Advisors and former vice chairman at Goldman Sachs, joined “Squawk Box” on Friday to discuss China’s handling of crypto, the national security concerns surrounding TikTok and WeChat, and what his advice to President Joe Biden would be to handle current global political issues.

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    Joe Biden is an American politician serving as the 46th and current president of the United States. A member of the Democratic Party, he served as the 47th vice president from 2009 to 2017 under Barack Obama and represented Delaware in the United States Senate from 1973 to 2009.

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    TikTok, known in China as Douyin, is a Chinese video-sharing social networking service owned by ByteDance, a Beijing-based Internet technology company founded in 2012 by Zhang Yiming. It is used to create short music, lip-sync, dance, comedy and talent videos of 3 to 15 seconds, and short looping videos of 3 to 60 seconds.

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