Unicoin Sues Uniswap Labs Over Trademark Claims in New York

TransparentBusiness Inc., which does business as Unicoin, has sued Universal Navigation Inc., which does business as Uniswap Labs, in the Southern District of New York, seeking declarations that its UNICOIN mark does not infringe or dilute Uniswap’s claimed marks. The complaint, filed Tuesday, argues that UNICOIN does not infringe or dilute Uniswap’s claimed UNI, UNISWAP and UNICHAIN marks, and it also asks the court to cancel the US trademark registration for UNI. According to Cointelegraph, the filing says Uniswap’s counsel sent three demand letters on June 3, July 17 and Aug. 14, accusing Unicoin of trademark infringement, dilution, cybersquatting and unfair competition, while threatening further legal action. The letters allegedly demanded that Unicoin stop using UNICOIN and other UNI-formative marks, transfer its unicoin.com and unicoin.org domains, provide an accounting of revenue and profits, and reimburse Uniswap’s legal fees. The complaint also seeks a declaration that unicoin.com and unicoin.org do not violate the federal Anti-Cybersquatting Consumer Protection Act. Cointelegraph has approached Uniswap for comment on the lawsuit. At the time of writing, DeFiLlama ranked the Uniswap protocol first among decentralized exchanges by 24-hour volume, with more than $3.9 billion. The lawsuit was filed weeks before the Sept. 28 public launch date that Unicoin lists on its website for the UNCN token.