Jeff Yass is being mentioned as as potential Treasury secretary after uniting with Donald Trump on the TikTok fight.
Pennsylvania billionaire Jeffrey Yass is reportedly being mentioned as a potential cabinet pick if former President Donald Trump wins the election this year.Jeffrey Yass’ name is coming up in discussions about whom former President Donald Trump would want in his cabinet if he wins the 2024 election.in the country.
Other names he’s floated for the role are billionaire John Paulson, former U.S. Trade Representative Robert Lighthizer, and Key Square Group LP founder Scott Bessent.Trump campaign spokesperson Steven Cheung denied that there have been conversations surrounding who would serve in a second Trump administration, Bloomberg reported.
Regardless of whether Trump wins or picks Yass for the post, the conversations signal the influence the local billionaire can have on a national scale.that would require TikTok owner ByteDance to sell the app to a company that isn’t based in China, or else the app would be banned in the United States.
During a cocktail party at the March 1 retreat, the former president spoke with Yass about school choice — the megadonor’s biggest political interest which is also supported by Club for Growth — according to a person familiar with the matter.
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American billionaire faces backlash over TikTok investmentJeff Yass, an American billionaire options trader, is facing criticism for his investment in TikTok's parent company ByteDance. Yass, who has donated to Republican candidates, owns a 7% stake in ByteDance, worth $21 billion. Critics accuse him of using his influence to protect TikTok and leveraging his relationship with former President Donald Trump. Legislation is being proposed to force ByteDance to divest TikTok.
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