The U.S. Supreme Court has agreed to hear a challenge to the TikTok divestment law.

• The Supreme Court will consider TikTok's argument that a law that could result in the app's ban in the U.S. violates free speech protections under the Constitution.
• The Supreme Court scheduled oral arguments in the case for January 10, just nine days before the Foreign Adversary Controlled Applications Act is set to take effect.
• On the day TikTok requested the Supreme Court to hear its case, President-elect Donald Trump met with TikTok CEO Shou Zi Chew at his Mar-a-Lago club.

On Wednesday, the Supreme Court agreed to hear arguments from TikTok that the law that could result in a ban of the app violates free speech protections under the U.S. Constitution.

The Foreign Adversary Controlled Applications Act will become law on January 10, and the Supreme Court has scheduled oral arguments in the case for that date.

In the United States, the law would mandate ByteDance, TikTok's Chinese parent company, to sell the app or compel other platforms to cease supporting it.

The law was passed by Congress because of the national security concerns arising from TikTok's Chinese ownership.

The Supreme Court decided to hear TikTok's appeal two days after the company filed a petition seeking to halt the law's implementation in September.

The court instructed the company and the Department of Justice to present arguments on whether the application of the law to TikTok infringes on the First Amendment of the Constitution.

TikTok, in its court request, stated that Congress's move to single out applicants and prevent them from operating a major speech platform in the country poses significant constitutional issues that the court is unlikely to permit.

TikTok did not immediately respond to a request for comment Wednesday from CNBC.

On December 6, the U.S. Court of Appeals for the District of Columbia Circuit upheld the law, ruling that the DOJ presented convincing evidence showing that the divestment law is specifically designed to safeguard national security.

On Monday, TikTok CEO Shou Zi Chew met with President-elect Donald Trump at his Mar-a-Lago club in Palm Beach, Florida, the same day the company filed a request with the Supreme Court to hear its case.

Trump stated earlier that day that they would examine TikTok's potential ban when questioned by reporters.

Trump stated that he has a soft spot for TikTok, implying that the app helped him gain support from young voters during the November election.

Susquehanna International Group, a major investor in ByteDance, is co-founded and managed by Jeff Yass, a significant supporter of Trump.

- CNBC's Lora Kolodny contributed to this article.

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