On Oct. 27th, the U.S. Federal Reserve sent a notice to the popular crypto news site, Bitcoin Magazine, 

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threatening to sue the publication over misusing FedNow’s image and trademark for their own merchandise.

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Today, Bitcoin Magazine has issued an open letter, exercising its First Amendment right to challenge the Fed’s claim.

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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. 

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FedNow has been criticized heavily across industries, with some claiming that it will further centralize banking systems and compromise consumer privacy.

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Hope you people found the story informative. For more such interesting stuff, click on the link given below

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