United

Apple

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In a formal letter addressed to Apple CEO Tim Cook, United States Representatives Gus Bilirakis and Jan Schakowsky raised concerns regarding the potential impact of the company’s App Store guidelines on emerging technologies, particularly blockchain and nonfungible tokens (NFTs). 
The lawmakers expressed worries that the guidelines might inadvertently hinder the progress and growth of cutting-edge innovations. 
The lawmakers pointed out a discernible pattern in Apple’s approach to its App Store guidelines, wherein the company appeared to capitalize on crypto apps while simultaneously limiting their functionality. 
This was achieved through the requirement of releasing “lite” versions of the apps, which generated profits for Apple but reduced the overall utility of the applications. 
The specific case of Axie Infinity’s App Store experience was cited as evidence of this pattern. 
By penning this letter, the lawmakers conveyed their concerns about the potential negative consequences of Apple’s policies on the United States’ standing in emerging technologies. 
They highlighted that Apple justified these limitations as a measure to enhance security with a “walled garden” approach. 
However, there was widespread concern that the company might be using the App Store as a tool to stifle competition. 
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The chairman and ranking member of the Innovation, Data, and Commerce Subcommittee stressed the importance of Congress comprehensively understanding the App Store guidelines and assessing the extent to which they may hinder innovation. 
They also emphasized their commitment to promoting full transparency and holding Big Tech accountable for any monopolistic behavior. 
Furthermore, the lawmakers expressed their intent to create a level playing field within the industry to ensure that American ingenuity can continue to thrive. 
This is not the first time they have raised concerns about App Store policies, as they previously wrote a similar letter to Apple regarding guidelines concerning TikTok and other apps originating from China. 
In conclusion, Representatives Bilirakis and Schakowsky are seeking information from Apple to understand the potential impact of the App Store guidelines on emerging technologies. 
They are concerned that these guidelines may be hindering innovation and competition, and they are committed to promoting transparency and fairness within the industry to support American ingenuity. 
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U.S. Lawmakers Raise Concerns to Apple CEO About Blockchain and NFT Innovations

Crypto Intelligence

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