• 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

CFTC Introduces New Self-Reporting Guidelines for Crypto Firms

chest

The CFTC has released new guidelines aimed at encouraging self-reporting and cooperation among regulated entities, including crypto firms.

user avatarTomas Novak

Ostium Trading Halted Due to Oracle Key Compromise

chest

Ostium has halted trading due to a significant exploit linked to a compromised oracle private key, affecting price feed integrity.

user avatarKaterina Papadopoulou

SEC and CFTC Initiate Joint Consultation to Clarify Crypto Derivatives Regulations

chest

The SEC and CFTC have launched a joint consultation to clarify the regulatory landscape for digital asset derivatives.

user avatarMaya Lundqvist

IREN Stock Rallies Nearly 7% After Securing $2.8 Billion AI Contract

chest

IREN stock surged nearly 7% after securing a $2.8 billion AI contract.

user avatarLeo van der Veen

White House's Ethics Deal Could Propel CLARITY Act Forward

chest

The White House has reached an agreement on an ethics package for the CLARITY Act, potentially paving the way for its passage in the Senate.

user avatarLi Weicheng

Stablecoin Growth on Solana Enhances DeFi and Payment Applications

chest

The growth of stablecoins on Solana is expected to enhance DeFi lending markets and payment applications.

user avatarMohamed Farouk

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.