Mark Longo, the caretaker of the late internet-famous Peanut the Squirrel, has sent a cease-and-desist order to Binance over its listing of the PNUT meme coin. He’s accusing the crypto exchange of infringing his intellectual property because it listed and promoted the meme coin. The listing and marketing of PNUT were done without authorization, according to Longo.
“This is the first of multiple cease-and-desist letters to be issued. I’m committed to protecting my creative work and sending a clear message: Unauthorized use of my IP will not be tolerated,” Longo wrote on X, formerly known as Twitter. The cease-and-desist letter notes that Binance violated Longo’s exclusive rights under U.S.
copyright and trademark laws. The letter specifically highlights the unauthorized use of a copyrighted photograph of Peanut wearing a cowboy hat and trademarks including “PEANUT THE SQUIRREL,” “P’NUT,” and “PNUT.” Binance’s actions have created a likelihood of consumer confusion, implying an association between Longo’s brand and the PNUT crypto, according to the letter.
The letter demands that Binance acknowledge the letter and cease all infringing activities by December 31, 2024. Longo’s legal counsel claims to have the right to pursue legal action for damages, injunctive relief, and attorney fees under the U.S. Copyright Act.
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<p>The post Squirrel Dad Issues Cease-and-Desist Order Over Unauthorized PNUT Meme Coin Usage first appeared on CoinBuzzFeed.</p>
