Senator Elizabeth Warren and Representative Jerrold Nadler urge regulators to address Verisign’s monopoly on .com domain prices, advocating for fair competition and affordability.
Senator Elizabeth Warren and Representative Jerrold Nadler are calling on federal regulators to address Verisign’s dominant control over .com domain prices. In a strongly worded letter, the lawmakers emphasized the need to foster fair competition and prevent price gouging in the internet domain market.
Verisign, the exclusive operator of .com domains, has been criticized for leveraging its monopoly to impose price increases, which lawmakers argue disproportionately harm small businesses and non-profit organizations. Warren and Nadler highlighted that the lack of competition in this sector undermines the principles of a free and open internet, urging the Federal Trade Commission (FTC) to take decisive action.
The lawmakers’ push for regulatory intervention underscores growing concerns about monopolistic practices in the digital economy. They argue that unchecked market dominance allows companies like Verisign to prioritize profits over affordability and accessibility, limiting opportunities for smaller players to thrive in the online space.
This latest effort reflects a broader trend in Congress to address the concentration of power in the tech and digital industries. Warren and Nadler’s advocacy signals a commitment to ensuring that essential online resources, such as domain registration, remain accessible to all users, not just large corporations.
