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Market News

Judge Tosses Apple Antitrust Suit Over Crypto Restrictions

Written By:
Gabriel Mael

Last updated: March 28, 2024 3:15 PM
Published March 28, 2024 3:51 AM
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Last updated: March 28, 2024 3:15 PM
Published March 28, 2024 3:51 AM
Judge Tosses Apple Antitrust Suit Over Crypto Restrictions

One California judge, Vince Chhabria, announced the dismissal of a lawsuit claiming Apple has violated antitrust laws because of the company’s app store policies.

The lawsuit, which was filed on behalf of Venmo and CashApp money transfer app users, pointed out that Apple’s rules were limiting because they failed to offer features that alternative apps provided, such as the integration of cryptocurrency transactions.

The judge ruled that the cause of action had to be dismissed due to a lack of facts needed to substantiate it, as Apple had not suppressed cryptocurrency functionalities. He also suggested that although the plaintiffs did not specify which of the two apps they had used, it appeared to be Zelle, otherwise a very popular money transfer platform.

While the judge dismissed the case, the complainants were given 21 days to amend their complaints. Conversely, the judge’s final words reflected disbelief that there were any possibilities to remedy the case’s shortcomings.

Also Read: Azuki and Weeb3 Foundation Partner with Arbitrum for AnimeChain Launch

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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By Gabriel Mael
Gabriel is a crypto journalist on a mission to decode the future of finance. He breaks down complex concepts, keeping you informed on the hottest trends and innovations in the ever-changing crypto world.

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