Y Combinator supports Europe's Digital Markets Act for innovation

Y Combinator has urged the Trump Administration to support Europe’s Digital Markets Act (DMA), which aims to limit the market power of six major tech companies. The DMA, effective since May 2023, promotes competition and interoperability. In a letter, Y Combinator argued that the DMA aligns with American innovation values and should not be grouped with other criticized European tech regulations. The letter highlights how the DMA could benefit American startups by preventing larger companies from stifling competition. Y Combinator's support comes as it positions itself as a champion for smaller tech firms. The response from the Trump Administration regarding the DMA remains uncertain, as past statements have shown mixed views on European tech regulations.