Bitcoin Magazine defies Fed’s trademark claim, pleads First Amendment
Bitcoin Magazine counters the Federal Reserve’s lawsuit over FedNow parody merchandise, invoking First Amendment rights. On Oct. 27th, the U.S. Federal Reserve sent a notice to the popular crypto news site, Bitcoin Magazine, threatening to sue the publication over misusing FedNow’s image and trademark for their own merchandise. Today, Bitcoin Magazine has issued an open letter, exercising its First Amendment right to challenge the Fed’s claim. BREAKING: Federal Reserve threatens to sue #Bitcoin Magazine in attempt to silence criticism of its FedNow service. — Bitcoin Magazine (@BitcoinMagazine) November 3, 2023 This merchandise, which includes t-shirts and hats emblazoned with the FedNow logo alongside an all-seeing eye, serves as the publication’s critique of the potential surveillance overreach of the FedNow system. FedNow has been criticized heavily across industries, with some claim ing that it will further centralize banking systems and compromise co...