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Apple Inc. is under scrutiny for its App Store practices, particularly in relation to the growing sectors of cryptocurrency trading and non-fungible tokens (NFTs).\u00a0<\/p>\n
On July 28, House Representatives Gus Bilirakis (R-Fla.) and Jan Schakowsky wrote a letter to Apple CEO Tim Cook<\/a>, requesting detailed information about its App Store policies.\u00a0<\/p>\n They expressed concerns about the potential limitations<\/a> these policies could impose on the development of crypto and blockchain technologies.<\/p>\n The representatives noted that it seemed Apple was using its App Store guidelines to profit and reduce the use of apps in crypto, NFT, and other blockchain technology.\u00a0<\/p>\n They highlighted that Coinbase had previously accused Apple of forcing it to remove NFT transfers<\/a> from its App Store app. Similar accusations have been made by many NFT companies, who claim Apple made them launch \u201cLite\u201d versions of their apps.<\/p>\n Source: Depositphotos<\/a><\/p>\n These concerns come amid broader worries that the App Store\u2019s policies could hinder American leadership in blockchain and other emerging technologies.\u00a0<\/p>\n The representatives asked 21 detailed questions, which Apple must answer by August 14, 2023.\u00a0<\/p>\n These questions range from general inquiries about the company\u2019s app admittance policies related to security and data privacy to more specific ones, such as whether Apple has explored Solana\u2019s safe element feature and if it intends to develop apps using blockchain-related technologies.<\/p>\nApp Store Policies Raise Concerns<\/h2>\n
Impact on Blockchain and Emerging Technologies<\/h2>\n
Industry Leaders Express Support<\/h2>\n