The U.S. Federal Reserve is pursuing legal action against Bitcoin Magazine as part of an effort to curtail criticism directed at its newly introduced FedNow interbank clearing and settlement service.
In a communication addressed to the publication from the Federal Reserve Bank of Chicago, the central bank of the United States asserts that Bitcoin Magazine's merchandise, which satirizes its services, does not qualify as protected speech. Instead, the Federal Reserve views it as an unauthorized infringement on its image and trademarks. KEEP READING