Registry happy to chat about caps, just don't consider it a commitment to actually do anything
The US government's National Telecommunications and Information Administration has said it will renew its Cooperative Agreement with Verisign to oversee the .com domain registry and other responsibilities – while expressing some concern about price hikes.
Verisign, in consultation with ICANN, has been given the authority to periodically raise the wholesale price of .com domains. Domain registrars then add whatever markup works for their business and pass that cost on to their customers. Monopolistic elements and excessive domain name price increases stifle the ability of .com registrants to conduct business online
Last week, just prior to the August 2, 2024 contract renewal deadline, the American Economic Liberties Project released a policy paper calling for an end to Verisign's control of the .com domain and urged NTIA to end its two-decade-old relationship with Verisign. The paper says,"The question before the NTIA is clear: Should Verisign continue reaping large monopoly rents through its control of the most popular top-level domain on the internet, forcing businesses to pay an ever-increasing private tax that robs consumers to pay shareholders, including Verisign’s largest shareholder, Warren Buffet? Or should the NTIA use its remaining authority to rein in Verisign’s monopoly abuse?"We believe price caps on .
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