As Washington continues to wage war against TikTok, Jeff Yass, a Bala Cynwyd billionaire and cofounder of Susquehanna International Group, stands to lose a lot of money, writes Kalhan Rosenblatt for NBC News.

Yass’ firm has a 15% share in TikTok’s parent company, ByteDance, which is based in China, and he personally has about $21 billion invested in the company.

Yass declined to comment, but critics are accusing him of using his money and influence as one of the largest conservative political donors in the country to prevent the passage of legislation that threatens his investment.

Lawmakers argue that TikTok threatens national security because of how much sensitive data the app collects. The company insists that it stores U.S. users’ data securely.

Last week the House did pass legislation requiring ByteDance to sell TikTok within 180 days and President Biden has said he would sign it if it makes it through the Senate as well, according to The Washington Post.

Because of the complexities of the forced sale which China has said it will block, the popular but controversial app will likely end up banned in the U.S.

Read more about Bala Cynwyd billionaire Jeff Yass and his investment in TikTok at NBC News.

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