Yass co-founded the Philadelphia-based trading firm Susquehanna International Group, which owns a 15% stake in TikTok's China-based parent company, ByteDance.
Yass' investment is under threat today, and the typically press-shy billionaire is taking fire from both the left and the right.
"This would be a nightmare for Yass, given the major investment in TikTok, if a forced ban hit the company under the Biden administration," Ives said.
Today, at least 150 million Americans use TikTok regularly, according to company data.
The company has said it stores U.S. users' data securely and rejects the idea that it poses a threat to national security.
Persons:
Jeff Yass, Yass, Donald Trump, ByteDance, Joe Biden, Dan Ives, Biden, Ives, TikTok, Chip Roy, Shou Zi Chew
Organizations:
Susquehanna International Group, TikTok, Wedbush Securities, Susquehanna, NBC, Capitol
Locations:
TikTok, Washington, Yass, Philadelphia, TikTok's China, bankrolling, ByteDance, Beijing, Texas