Mark Longo, the devoted owner of Peanut the Squirrel, has taken action against Binance, the popular cryptocurrency exchange. He accuses Binance of unauthorized use of multiple intellectual property rights. This accusation includes violations regarding the trademark of PNUT and the portrayal of a squirrel outfitted with a cowboy hat. Longo’s decision to pursue this matter highlights the ongoing debates surrounding intellectual property in the cryptocurrency world.

As the cryptocurrency market expands, cases like this draw attention to the importance of intellectual property rights. The outcome of this lawsuit could set precedents for how crypto companies interact with brands and intellectual property in the future.