Unicoin Files Lawsuit Against Uniswap Labs Over Trademark Dispute
- TransparentBusiness Inc., operating as Unicoin, has filed a lawsuit in the Southern District of New York.
- The complaint seeks to declare that Unicoin’s UNICOIN mark does not infringe on Uniswap’s trademarks, including UNI and UNISWAP.
- Uniswap sent three demand letters accusing Unicoin of trademark infringement and unfair competition between June and August.
- The lawsuit requests cancellation of the US trademark registration for UNI and asserts that unicoin.com and unicoin.org do not violate anti-cybersquatting laws.
- As of now, Uniswap is ranked first among decentralized exchanges with over $3.9 billion in daily volume according to DeFiLlama.
This legal action comes just weeks before the scheduled public launch of Unicoin’s UNCN token on September 28, highlighting ongoing tensions in the cryptocurrency space regarding trademark rights.
With the lawsuit filed against a leading player like Uniswap, this case could have significant implications for trademark disputes within DeFi markets as it unfolds.
