On Oct. 27th, the U.S. Federal Reserve sent a notice to the popular crypto news site, Bitcoin Magazine,
threatening to sue the publication over misusing FedNow’s image and trademark for their own merchandise.
Today, Bitcoin Magazine has issued an open letter, exercising its First Amendment right to challenge the Fed’s claim.
This merchandise, which includes t-shirts and hats emblazoned with the FedNow logo alongside an all-seeing eye, serves as the publication’s critique of the potential surveillance overreach of the FedNow system.
FedNow has been criticized heavily across industries, with some claiming that it will further centralize banking systems and compromise consumer privacy.