Yesterday, two U.S. Representatives wrote a letter to Apple CEO Tim Cook, inquiring about the company’s App Store guidelines. They expressed concerns that these guidelines might hinder the progress of emerging technologies like distributed ledger technology and nonfungible tokens (NFTs).

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Yesterday, Representatives Gus Bilirakis (R-FL) and Jan Schakowsky (D-IL) wrote a letter to Apple CEO Tim Cook, asking about the company’s App Store guidelines and their potential impact on emerging technologies like distributed ledger technology and nonfungible tokens (NFTs).

The lawmakers pointed out that Apple seems to have used its App Store guidelines to profit from and limit the functionality of crypto apps by enforcing “lite” versions, citing the example of Axie Infinity’s experience on the App Store.

Their letter expresses concerns that Apple’s policies might hinder the United States‘ leadership in emerging technologies.

The Chairman and Ranking Member of the Innovation, Data, and Commerce Subcommittee expressed concerns about Apple’s App Store guidelines, which they believe could be limiting innovation and impacting American technological leadership. They mentioned that while Apple argues these limitations enhance security by creating a walled garden, many worry that the company is using the App Store to hinder competitors. The lawmakers emphasized the importance of Congress understanding these guidelines fully.

They also stated their commitment to promoting transparency and holding Big Tech accountable for monopolistic behavior. Their goal is to establish a fair playing field within the industry to support American ingenuity. Previously, they sent a similar letter to Apple regarding App Store policies concerning TikTok and other apps originating from China.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#CryptocurrencyNews #NFT #Web3 #Blockchain #AppStore

United States Congress members, led by Democratic Congresswoman Jan Schakowsky and Republican Congressman Gus Bilirakis, have taken a significant bipartisan step by focusing on tech giant Apple and expressing concerns over its iOS App Store guidelines. The representatives, both holding influential positions within the Innovation and Data Committee, aim to address Apple's policies regarding crypto-related applications, which they perceive as restrictive. Their joint letter to Apple CEO Tim Cook seeks to gain a comprehensive understanding of how these guidelines may impact America's leadership in emerging technologies, particularly in the fields of blockchains, non-fungible tokens (NFTs), and other distributed ledger technologies.

Key Concerns and Information Requested

In their communication with Tim Cook, the lawmakers are seeking full compliance with their inquiry into Apple's App Store crypto policies. They have emphasized the importance of evaluating how these guidelines may hinder innovation and impede American technology leadership. As part of their request, they seek information on Apple's plans for developing blockchain-based applications, its policy on foreign users, the platform's user prioritization practices, and other pertinent factors that could influence the treatment of crypto-related apps on the App Store.

Support for Innovative Technologies

The Congress members firmly believe that Apple's support for emerging technologies such as blockchains, NFTs, and distributed ledger technologies could significantly contribute to the establishment and strengthening of American dominance in these fields. Understanding Apple's role in promoting these technologies is critical for assessing their potential impact on America's position in the global tech landscape.

Fair Market Practices and Competition Concerns

Another point of concern raised by the lawmakers revolves around allegations of how Apple treats its competitors in the market. By seeking answers from the company, Congress aims to investigate whether fair market practices are being upheld, especially in relation to crypto-related applications. Apple has until August 14 to respond to the congressional queries.

Crypto Industry Support

The bipartisan effort led by Congresswoman Schakowsky and Congressman Bilirakis has garnered praise from prominent figures within the crypto industry. Notable personalities such as Coinbase's Paul Grewal and Blockchain Association's Kristin Smith have commended this initiative, seeing it as a positive step in supporting the crypto space. #NFT #NFTs

In Summary

As the inquiry into Apple's App Store guidelines gains momentum, Congress seeks transparency and accountability from the tech giant regarding its treatment of crypto-related applications. The joint efforts of Democratic and Republican representatives highlight the significance of emerging technologies like blockchains and NFTs in shaping America's technology leadership. The outcome of this investigation may have a profound impact on the future of crypto innovation and its relationship with major tech platforms. #Apple #AppStore #TimCook