• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
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."

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

CharuSan Predicts XRP Rally to 300 Post-CLARITY Act

chest

Market expert CharuSan outlines a roadmap for XRP to reach 300, driven by increased utility from the CLARITY Act.

user avatarRajesh Kumar

CharuSan Explains Need for Higher XRP Price for Global Transactions

chest

CharuSan explains the necessity of a higher XRP price to accommodate global transaction volumes, highlighting the limitations of token velocity and liquidity depth.

user avatarGustavo Mendoza

XRP Ledger Community Divided Over v313 Upgrade and Hard Fork Concerns

chest

The XRP Ledger community is divided over the v313 upgrade, with concerns about potential hard forks and the necessity for nodes to update to maintain network communication.

user avatarMiguel Rodriguez

ONDO Achieves Major Milestone with $1 Billion in Total Value Locked

chest

ONDO Global Markets has surpassed $1 billion in total value locked within just eight months of its launch, establishing itself as a leader in the tokenized equity market.

user avatarLuis Flores

SEC's New Framework Could Revolutionize Tokenized Stocks

chest

The US SEC is reportedly preparing a framework that could allow tokenized versions of stocks to trade on crypto platforms, potentially reshaping the stock market.

user avatarArif Mukhtar

Solana Faces Resistance in Parallel Channel

chest

Analyst Ali Martinez discusses Solana's recent price movements and the formation of a Parallel Channel.

user avatarMaria Gutierrez

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.