Your Resource for Government on Crypto
11.21.2023
Consumers Propose Class Action Against Apple Over Crypto on Cash Apps
Four consumers have launched a proposed antitrust class action against Apple, alleging its agreements with Apple Cash competitors limit competition by blocking decentralized crypto technology from iOS peer-to-peer payment apps. The lawsuit claims that Apple’s agreements with Google LLC, Block Inc., and PayPal to prevent decentralized crypto on their cash app platforms violate Section 1 of the Sherman Act.