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).
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.
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