Bitcoin Magazine claims Fed accused it of trademark violation for t-shirts

FedNow is the trademarked name of the Federal Reserves instantaneous payment system.The U.S. Federal Reserve is threatening to take legal action against Bitcoin Magazine, alleging clothing that parodies its FedNow system is not secured speech, however copyright infringement.@markgoodw_in with Bitcoin Magazines reaction: https://t.co/PYmeZHBYWO— Bitcoin Magazine (@BitcoinMagazine) November 3, 2023

Bitcoin Magazine brings some product in its store that features the word “FedNow” printed on it, however with the “O” in the word having actually been replaced with an image of an eye.Bitcoin Magazine FedNow T-shirt. Source: Wikipedia.In its post, Bitcoin Magazine specified that it would not stop printing or offering its “FedNow” line of product, as it thinks the items constitute secured complimentary speech under the First Amendment.FedNow is an interbank payment system launched by the Federal Reserve in July.

Bitcoin Magazine carries some product in its store that features the word “FedNow” printed on it, but with the “O” in the word having been replaced with an image of an eye.Bitcoin Magazine FedNow T-shirt.”In action, Bitcoin Magazines legal team sent a letter to the Federal Reserve denying the accusation. Source: Wikipedia.In its post, Bitcoin Magazine specified that it would not stop printing or offering its “FedNow” line of product, as it believes the items constitute safeguarded totally free speech under the First Amendment.FedNow is an interbank payment system launched by the Federal Reserve in July.

The United States Federal Reserve has actually sent a cease-and-desist letter to crypto media publication Bitcoin Magazine, implicating it of trademark violations, according to a Nov. 3 post from the publication. Bitcoin Magazine claims it is being targeted due to the fact that of its usage of the word “FedNow” on “t-shirts, hats, and other wearables.” FedNow is the trademarked name of the Federal Reserves instantaneous payment system.The U.S. Federal Reserve is threatening to sue Bitcoin Magazine, alleging clothing that parodies its FedNow system is not secured speech, but copyright infringement.@markgoodw_in with Bitcoin Magazines action: https://t.co/PYmeZHBYWO— Bitcoin Magazine (@BitcoinMagazine) November 3, 2023