Lawmakers are now turning their attention to Apple’s App Store policies, In a move that could have far-reaching implications for the world of blockchain and NFTs.
As the popularity of these emerging technologies continues to surge, legislators are investigating whether Apple’s strict guidelines stifles competition and innovation in the realm of digital art and decentralized finance.
Source: Flickr
With the potential to shake up the very foundations of the App Store ecosystem, the outcome of this probe could reshape the future of blockchain and NFTs on one of the world’s most prominent digital platforms.
A bipartisan campaign has been launched by US Representatives Gus Bilirakis of the Republican Party, who represents Florida, and Jan Schakowsky of the Democratic Party, who represents Illinois, to voice their concerns to Apple CEO Tim Cook.
“Today, I sent a bipartisan letter to
@Apple
regarding iOS App Store policies and their impact on emerging technologies like blockchains and NFTs. Congress must understand if Apple’s policies are limiting innovation and American technological leadership.”
Gus Bilikaris of Republican party tweeted.
The legislators questioned the potential effects of Apple’s recommendations on the progress of cutting-edge technologies like distributed ledger technology and NFTs in an official letter written on July 28.
App Store Policies: Possible Impact On U.S. Technological Leadership
The possible impact of these App Store regulations on the U.S.’s leadership in the field of developing technology has been a key source of concern for lawmakers.
Source: Flickr
They emphasized how crucial it is to thoroughly comprehend the regulations in order to determine how much innovation they may be inhibiting, thereby compromising American technological dominance.
Congress must thoroughly comprehend the App Store Guidelines, how much they stifle innovation, and how they affect American technology leadership.
