You know what is better than a ban? A giant multi-billion dollar fine.
Given that many big tech companies that have been found to violate and abuse the user's privacy, especially US users, it only makes sense in order for TikTok to remain operating in the US they should just pay a massive billion dollar fine to stay and continue their tracking ways until they stop or reduce it.
Sounds like a win-win-win for the US government / regulators, TikTok and US users.