US Representatives Gus Bilirakis and Jan Schakowsky have done so written a formal letter to Apple CEO Tim Cook expressing concern about the tech giant’s App Store guidelines and their potential impact on emerging technologies such as blockchain and non-fungible tokens (NFTs).
Lawmakers are examining whether Apple’s strict guidelines could inadvertently hinder innovation and hinder the growth of advanced technologies. The probe points to a growing concern that these policies could limit US technology leadership in the rapidly evolving fields of blockchain and NFTs.
The letter to Apple’s CEO cites specific instances where the company’s policies have affected businesses. Coinbase’s accusation of being forced to remove NFT transfers from its Wallet app and Axie Infinity’s release of a limited version of its app are some of the things that led to this investigation.
Critics claim that Apple is using the App Store to quell competition and boost profits, despite the company defending its restrictions by claiming they are a way to improve security through a “walled garden” – approximation. The research conducted by the parliamentarians emphasizes the need for openness and accountability, with the ultimate goal of a level playing field within the company.
This isn’t the first time Apple’s App Store policies have come under scrutiny. Previous concerns about TikTok and other apps originating in China have also been raised. The current research reflects broader concerns about the potential negative impact of Apple’s policies on the US position in emerging technologies.
The official investigation into Apple’s App Store policies marks a turning point in the ongoing debate about the roles and responsibilities of digital titans. The findings of this research, which focuses on blockchain and NFTs, could set a precedent for the development and regulation of future technologies.
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