Dogecoin cryptocurrency trademark battle in the United StatesAAA IPRIGHT2
There have been many stories about cryptocurrency in the world, especially right now as this type of currency is getting harsh criticism, resulting in its uncontrollable fluxation of values. Besides Bitcoin, Dogecoin is probably one of the most popular types of cryptocurrencies. Recently, this ‘dog coin’ has entered into a serious trademark battle due to subjectivity.
Bitcoin was, undeniably, the pioneer in the rise of cryptocurrency around the globe. Starting with basically nothing of value, Bitcoin has even reached 68,000 USD of value for one Bitcoin, creating millionaires in just 10 years of development.
Dogecoin, on the other hand, was not created because the owners saw the potential of cryptocurrency but as a joke to cryptocurrency and its development.
However, since the mockery begins, although not as much as Bitcoin, the value of Dogecoin has also skyrocketed, making everyone surprised, even the owners of the currency. At one point, the value of this currency has reached 80 billion USD.
Dogecoin has even become a favorite of Elon Musk – the richest person on the planet who seldomly tweet about the coin, usually making its value increase afterward, even if the content is negative: “The reason I like dogecoin is that it knows it’s stupid. I enjoy that something stupid could also have utility and be successful,” Musk replied to Dogecoin co-founder Billy Markus saying “It (Dogecoin) has potential as a currency.”
Trademark infringement case
As the owner doesn’t expect the coin to thrive, they certainly didn’t take all necessary measures to protect the rights related to the coin, specifically in regards to the trademark.
Although the United States is a first-to-use country, meaning normally the rights to an IP asset will be transferred to the first person to use that asset in real life and has proof backing that claims, however, the US is a relatively unique jurisdiction as they consider all the factors when determining the owner of an asset.
This means that even if the Dogecoin is widely popular, the owners of it won’t necessarily win the trademark battle for a trademark with similar characteristics.
On April 6, 2022, the owners of Dogecoin filed a trademark opposition action against the trademark registration of DOGETIPBOT (DOGE TIP BOT) by Dogetipbot LLC which was previously filed on Tuesday, March 23, 2021, with the serial number of 90596302.
The initial creators — Dogecoin Foundation LLC — have truly felt the damage made by subjectivity, not registering a simple trademark when the coin was just established.
Now, they are fighting for the rights to the name of their company and it is a hard battle as there are countless other parties who are currently utilizing their weakness and filing their own trademark applications.
The outcome of this battle is still waiting to unfold. Right now, the status of the trademark application is still Opposition Pending.
– You could check Required documents of filing trademark in USA here.
– You could see What needs to be done after registering a trademark in US? here.
– You could visit here to see What is use in commerce of filing trademark in USA.
– You could also check here to see Procedure of Trademark in USA.
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