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FEDNOW's Impact on Your Financial Freedom (Eruptions Market Report 11-10-23)

Last week, the Federal Reserve sent Bitcoin Magazine a cease and desist letter in an attempt to silence criticism of its recently launched FedNow interbank clearing and settlement service. The central bank of the United States is claiming that Bitcoin Magazine merchandise that parodies its services are not protected speech, but rather an unauthorized infringement of its image and trademarks.

The Federal Reserve alleges that Bitcoin Magazine used the trademark without permission to mislead readers into believing a connection exists between the publication and the central bank. While previous Bitcoin Magazine coverage of the Federal Reserve, particularly pertaining to its FedNow service, says otherwise.

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