Bilirakis and Schakowsky, US Representatives, Seek Information on Apple's Approach to Blockchain and NFT Policies

Bilirakis and Schakowsky, US Representatives, Seek Information on Apple's Approach to Blockchain and NFT Policies

user avatar

by Max Nevskyi

3 years ago


On July 30, 2023, Gus Bilirakis and Jan Schakowsky, members of the House Innovation, Data, and Commerce Subcommittee, penned a letter to Apple, seeking clarity on the tech giant's iOS Appstore policies concerning blockchain, non-fungible tokens (NFTs), and distributed ledger technologies. The lawmakers are concerned that Apple's policies may stifle innovation and hinder America's technological leadership in these fields.

The letter addressed to Apple's CEO, Tim Cook, demanded information about the iOS App Store's regulations on emerging technologies like blockchain, NFTs, and other distributed ledger technologies. The representatives voiced their worries about the impact of Apple's restrictive policies on the development of apps leveraging these technologies, potentially hampering innovation from American firms in this sector. They also accused Apple of manipulating its App Store guidelines to boost its profits and diminish the utility of apps involved in blockchains, NFTs, and other blockchain-related technology.

Bilirakis and Schakowsky highlighted Apple's enforcement of its policies against Coinbase Wallet in December as an example. Apple had then disabled NFT transactions in the iOS version of the app, insisting that blockchain fee payments be processed through their in-app purchase system, thereby collecting 30% of each transaction. Coinbase Wallet had refused to comply with this rule, citing feasibility issues.

The representatives also discussed the situation of Axie Infinity, a popular play-to-earn game that had to release a stripped-down version of its app on iOS, which excluded core NFT functionality and remains inaccessible for U.S.-based users.

In conclusion, Bilirakis and Schakowsky emphasized the importance of Congress understanding the App Store guidelines and their potential to limit innovation and affect American technological leadership. They expressed their desire to establish a fair playing field within the industry to ensure the continued growth of American creativity.

Apple had announced a stringent set of blockchain rules in October, stating that apps "may not use their own mechanisms to unlock content or functionality," including crypto and NFTs. Furthermore, all NFT sales offered by these apps might have to go through Apple's in-app purchase system, provided they don't present "buttons, external links, or other calls to action that direct customers to purchasing mechanisms other than in-app purchase."

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Amazon Stock Price Predictions for 2027

Major firms predict Amazon stock will reach $350 per share by 2027, driven by AWS growth and AI advancements.

user avatarDavid Robinson

Tether Partners with Shiga to Launch Financial Products in Africa and Gulf

Tether is transitioning its Wallet Development Kit into financial products for users and institutions in Africa and the Gulf, collaborating with Shiga.

user avatarJacob Williams

Soneium and DayOneDream Join Forces to Tokenize Kpop Revenue Streams

Soneium partners with DayOneDream to tokenize Kpop revenue streams using blockchain technology.

user avatarAndrew Smith

Strive Increases Bitcoin Holdings by 1,107 BTC

Strive has significantly increased its Bitcoin holdings by acquiring 1,107 BTC for approximately $945 million.

user avatarZainab Kamara

Verona Launches verUSD Stablecoin for AI Payments

Verona has launched a new dollar stablecoin, verUSD, designed for AI payments and machine transactions, with over $100 million in institutional commitments.

user avatarAyman Ben Youssef

Blockchain.com Plans IPO to Enter US Public Markets

Blockchain.com is reportedly preparing for an initial public offering that could raise around $500 million.

user avatarSon Min-ho

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.