The government agreement justifies the price increases by saying that new top-level domains (like .pizza and .camera) and “the use of social media” have made the domain name market “more dynamic.” It’s not strictly wrong about that, but .com still remains the assumed ending for domains, at least in the US.ICANN will issue a final report about the matter in March but the organization has no real power to change anything about the deal Verisign reached with the US government.
As Engadget points out, the change also stems from the Trump administration’s desire to roll back anything remotely Obama related. In a 2018 press release about the updated agreement change, the Commerce Department’s telecom agency referred to the price freeze as “Obama-era price controls” and said it was repealing them in favor of “pricing flexibility.”
Via: The Verge