Unicoin sues Uniswap Labs, seeking cancellation of UNI trademark registration

TechFlow reported on Sept. 10 that, according to Cointelegraph, TransparentBusiness Inc. (doing business as Unicoin) has sued Universal Navigation Inc. (doing business as Uniswap Labs) in the U.S. District Court for the Southern District of New York. The complaint seeks a judicial declaration that its UNICOIN trademark does not infringe or dilute the UNI, UNISWAP, and UNICHAIN marks asserted by Uniswap, and requests the cancellation of UNI's trademark registration in the United States.

According to the filing, Uniswap sent three letters on June 3, July 17, and Aug. 14, accusing Unicoin of trademark infringement, trademark dilution, cybersquatting, and unfair competition. It demanded that Unicoin cease using the UNICOIN mark and other identifiers containing "UNI," transfer the unicoin.com and unicoin.org domains, disclose associated revenues and profits, and pay Uniswap's legal fees.

Unicoin also requested the court to declare that unicoin.com and unicoin.org do not violate the U.S. Anticybersquatting Consumer Protection Act. This lawsuit comes weeks before the public launch of the UNCN token listed on the official Unicoin website for Sept. 28.