Lawmakers probe Apple's App Store policies on blockchain, NFTs

cointelegraph.com:

Representatives Gus Bilirakis, from Florida and of the Republican Party, and Jan Schakowsky, representing Illinois and affiliated with the Democratic Party, both serving in the United States Congress joined forces and took the initiative to address their concerns directly to Apple CEO Tim Cook. on the California-based company's App Store guidelines and its effect on emerging technologies like blockchain and nonfungible tokens (NFTs).

They composed a formal letter, on July 28, inquiring about the potential impact of Apple's App Store guidelines on the advancement of emerging technologies like distributed ledger technology and NFTs. Their letter aimed to explore whether these guidelines might inadvertently hinder the progress and growth of cutting-edge innovations.

The legislators observed a noteworthy pattern in Apple's approach to its App Store guidelines, wherein the company seemingly capitalized on and simultaneously limited the functionality of crypto apps. They pointed out that Apple achieved this by mandating the release of "lite" versions, which had the effect of both generating profits for Apple and diminishing the overall utility of these applications. As evidence, they specifically mentioned the case of Axie Infinity's App Store experience.

By dispatching the letter, the lawmakers expressed apprehensions regarding the potential negative consequences of Apple's policies on the United States' standing in the realm of emerging technologies. The Chairman and Ranking Member of the Innovation, Data, and Commerce Subcommittee conveyed their viewpoint, noting that while Apple has justified these limitations as a means to enhance security through a "walled garden" approach, there is widespread concern that the company might