A legal battle brews in the crypto space as Mark Longo, the creator of the beloved mascot "Peanut the Squirrel," accuses Binance of trademark infringement over its $PNUT -themed meme coin. The cease-and-desist letter alleges unauthorized use of the Peanut brand and mascot likeness, raising critical questions about intellectual property rights in the rapidly evolving meme coin market.
This case could set a precedent for IP enforcement in crypto, highlighting the fine line between viral branding and legal boundaries.
#CryptoNews #IntellectualProperty #Memecoins
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