US Lawmakers Send Letter to Tech Giant Apple About Cryptocurrency, Blockchain and NFTs! - COINTURK NEWS
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US Lawmakers Send Letter to Tech Giant Apple About Cryptocurrency, Blockchain and NFTs!

12:37 pm (67 days ago)
July 29, 2023

Two US legislators have sent a letter to Apple’s CEO, Tim Cook, questioning the company’s App Store rules. The letter expressed concerns about the blocking of emerging technologies such as Blockchain and NFTs.

Axie Infinity Crypto Game Used as an Example

US Representatives Gus Bilirakis and Jan Schakowsky sent a letter to Apple CEO Tim Cook on July 28, asking about the California-based company’s App Store guidelines and whether they hinder new technologies like Blockchain and NFTs.

The legislators cited the experience of listing the crypto game Axie Infinity on the App Store, stating that Apple uses its App Store rules to both profit from cryptocurrency applications and reduce their usefulness by forcing the use of “lite” versions of the applications.

The lawmakers expressed concerns that Apple’s policies could harm the United States’ leadership in emerging technologies.

“We Want to Create a Level Playing Field Within the Industry”

Gus Bilirakis, Chairman and Member of the House Committee on Innovation, Data, and Trade, said, “While Apple argues that these restrictions enhance security by creating a walled garden, many are concerned about Apple using the app store as a weapon against its competitors. It is essential for the US Congress to fully understand the App Store rules and how they limit innovation and impact US technological leadership.”

The letter added, “Our subcommittee is committed to promoting full transparency and holding big tech companies accountable for their monopolistic behavior. We want to create a level playing field within the industry to ensure continued growth of American creativity.”

The legislators previously sent a similar letter to Apple regarding its App Store policies concerning TikTok and other Chinese-owned applications.

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