Lawmakers Investigate Apple’s App Store on Blockchain & NFTs


Apple’s App Store practices have come under scrutiny due to concerns voiced by US legislators Gus Bilirakis (Republican) and Jan Schakowsky (Democrat). These lawmakers request clarification on Apple’s prohibitions on blockchain and NFT (non-fungible token) applications. 

The nonpartisan investigation shows growing concern over Big Tech’s impact on emerging innovations. It highlights the necessity for balanced regulatory measures in the tech industry. As the argument continues, the future of blockchain and NFTs in the digital environment is at stake.

US Legislators Seek Clarifications on Crypto App Policy

Two US lawmakers, Bilirakis and Schakowsky, emailed Apple CEO Tim Cook, requesting specific details regarding the company’s blockchain and NFT software policy. Their communication seeks to clarify how Apple handles developing technology.

Concerns Over Tech Giant’s Restrictions on Emerging Technologies

The politicians voice their dissatisfaction with Apple’s App Store limits on developing technology. They are concerned that such laws will stifle the growth and innovation of technologies such as blockchain and NFTs.

Apple Faces Bipartisan Probe into App Store Regulations

A bipartisan study into Apple’s App Store laws governing crypto-related applications and the broader crypto business is underway. This investigation illustrates politicians’ rising desire to hold Big Tech accountable for their behavior.

Congressional Inquiry into Crypto-Related Apps

The congressional inquiry was established to investigate Apple’s App Store policies regarding crypto apps, addressing legislators’ concerns. The investigation aims to examine how Apple handles applications related to cryptocurrencies and blockchain technologies. The emphasis is on applications related to NFTs and the larger cryptocurrency business.

Bilirakis and Schakowsky’s Letter to Tim Cook

Bilirakis and Schakowsky, from the Innovation, Data, and Commerce Subcommittee, fear the effect on US tech leadership.

Seeking Details on Apple’s Restricted Crypto Policy

US Representatives Bilirakis and Schakowsky seek information from Tim Cook for industry fairness and clarity on Apple’s crypto app policies. They aim to ensure transparency and address concerns regarding the IT sector’s future. They want to ensure transparency and avoid potential barriers to technology growth in areas like blockchain and NFTs.

Questions Posed by the Legislators

Bilirakis and Schakowsky’s inquiry to Apple includes 21 detailed questions about data privacy, security standards, and Apple’s involvement with blockchain-related technology. These questions illustrate the legislators’ thorough investigation of Apple’s App Store policies and their dedication to understanding their influence on emerging technology.

Calls for Fair App Store Competition and American Innovation

Advocating Total Openness in the Tech Sector

Bilirakis and Schakowsky’s subcommittee aims to promote transparency and hold Big Tech accountable for potential monopolistic actions, particularly in relation to emerging technologies. The legislators seek a level playing field to support innovation and prevent unfair advantages in the tech sector.

Protecting American Technological Leadership

The bipartisan investigation into Apple’s App Store regulations on crypto apps reflects concerns over potential anti-competitive impacts. Integrating BitPay with Apple Pay facilitated secure purchases of Bitcoin and other cryptocurrencies.

Emphasizing the Importance of Equalizing the Playing Field

Bilirakis and Schakowsky emphasize the importance of creating a fair and equitable environment within the tech sector to foster American ingenuity and innovation. They aim to level the playing field for all participants.

Crypto Industry Stands with Legislators

Industry Players Support Lawmakers’ Call to Action

The CEO of the Crypto Council, Sheila Warren, praises the Senate inquiry as a sign of non-partisan interest in the cryptocurrency industry. Paul Grewal, Coinbase’s Chief Legal Officer, supports lawmakers’ move and questions the fairness of App Store regulations. Grewal praises the initiative on social media, raising concerns about a single company’s arbitrary application of rules.

Sheila Warren’s Praise for the Senate Inquiry

Sheila Warren, CEO of the Crypto Council, lauds the Senate inquiry, seeing it as proof of both political parties interest in blockchain and cryptocurrency technology.

Paul Grewal’s Endorsement on Twitter

Paul Grewal, Coinbase’s chief legal officer, publicly backs Bilirakis and Schakowsky’s inquiry on Twitter, expressing worries about App Store regulations’ impact on the industry. Grewal questions whether Americans are well-served by Apple’s App Store regulations and their arbitrary application on a single large company.

Push for Fair App Store Competition

Developers Demand Legislative Action

Small developers and multinational corporations seek legislative action for a fair app store playing field. They challenge the perceived monopolistic practices of tech giants like Apple and Google. They seek to promote competition and ensure equal opportunities for all app developers in the digital marketplace.

Allegations of Unfair Treatment

The Coalition for App Fairness (CAF) accuses Apple and Google of unfair practices in the app marketplace. CAF aims to promote a level playing field for developers and advocate for equal opportunities. They highlight the need to create a level playing field where smaller developers can compete equally with tech giants.

Apple’s Involvement in Cryptocurrencies

App Store’s Early Acceptance of Bitcoin Wallets

Apple’s venture into cryptocurrency commenced by including Bitcoin wallets on the App Store. This move enabled users to engage in secure transactions, signaling the tech giant’s initial steps toward embracing the world of cryptocurrencies.

Integration with BitPay for Cryptocurrency Payments

BitPay integration enabled secure cryptocurrency purchases through Apple Pay. Apple users could conveniently buy Bitcoin and other cryptocurrencies. Apple Pay’s integration with BitPay allowed secure and convenient purchases of Bitcoin and other cryptocurrencies through the platform. The feature improved cryptocurrency accessibility and adoption, contributing to wider market acceptance.


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