Unicoin sues Uniswap Labs, seeks to cancel UNI registration

Summary

TransparentBusiness, which operates as Unicoin, sued Universal Navigation/Uniswap Labs in federal court in New York seeking declarations that its UNICOIN mark and its domains, unicoin.com and unicoin.org, do not infringe or dilute Uniswap’s claimed UNI, UNISWAP, and UNICHAIN marks and do not violate anti-cybersquatting law. It also asked the court to cancel Uniswap’s U.S. trademark registration for UNI. The complaint says Uniswap sent three cease-and-desist letters demanding that Unicoin stop using UNICOIN and other UNI-related marks, transfer its domains, account for revenue and profits, and pay legal fees. The suit was filed shortly before Unicoin’s planned public launch of its UNCN token.