Meta Facebook Submits Eight Crypto Trademarks

 

On Wednesday, patent attorney in WashingtonD.C. – Mike Kondoudis – posted a tweet publicizing that Meta, the parent company of Facebook (NASDAQFB), had filed eight different crypto- related trademark operations with theU.S. Patent and Trademark Office last week.

In an dispatch response to a DailyCoin inquiry, Kondoudis said he wasn't combined with Meta but plant the operations intriguing and stated, “ These forms reflect the company’s strategy for moving into the metaverse. Meta easily has significant plans for the virtual frugality that will drive it. Meta’s rearmost trademark forms will surely be of interest to actors in the fiscal sector and beyond.”

A review of theU.S. Trademark Electronic Search System website revealed that the cessions were made on FridayMar. 18. At time of this jotting, Meta hadn't replied to an dispatch request seeking comment regarding the forms.

Grounded on Meta’s trademark operations, the company seems focused on developing its own crypto commemoratives and native coins, its own crypto trading exchanges, as well as its own blockchain. Still, Meta’s renewed cryptocurrency vision – after its failed launch of Libra crypto coin in 2019; its stalled Novi portmanteau cooperation with Coinbase (NASDAQ); and Meta’s blazoned plans to divest its stake in the Diem crypto design – will really reignite wrathfulness from lawgivers vehemently opposed to any attempt by the company to try and enter the crypto space again.

“ Unfortunately, Facebook’s decision to pursue a digital currency and payments network is just one further illustration of the company‘ moving presto and breaking effects’ (and in too numerous cases, misleading Congress in order to do so). Facebook can not be trusted to manage a payment system or digital currency when its being capability to manage pitfalls and keep consumers safe has proven wholly inadequate,” as stated in a letter transferred to Facebook CEO Mark Zuckerberg from severalU.S. Legislators last October.

It’s a virtual certainty that Facebook’s drive into virtual currencies will affect in a forceful pushback from policymakers in Congress.