A Nonpartisan Group Moves to Invalidate Patent Claim by “Patent Troll”
The DeFi Education Fund (DEF), a nonpartisan research and advocacy group, has taken action against True Return Systems LLC (TRS), referring to them as a “patent troll.” DEF recently filed a petition with the US Patent and Trademark Office (USPTO) to initiate an inter partes review (IPR) and cancel all claims in a patent owned by TRS. The move comes after TRS sued MakerDAO and Compound Protocol in October 2022, alleging patent infringement.
“In our petition, we demonstrate to the USPTO that the technology described in the patent [owned by TRS] was not new or unique at the time the patent was granted, and, in fact, there was prior art in circulation prior to its issuance.”
The DeFi Education Fund
TRS has three months to respond to the petition. The USPTO will decide by March 2024 whether to accept the petition and proceed with the review. DEF aims to defend the freedom to use and develop open-source software.
Nonprofit Group Takes Action Against Patent Troll
The DeFi Education Fund (DEF), a policy research group based in Washington D.C., has announced its efforts to invalidate the patent claims made by True Return Systems LLC (TRS), whom they describe as a “patent troll.” DEF has filed a petition with the US Patent and Trademark Office (USPTO) in an attempt to initiate an inter partes review (IPR) and revoke TRS’s patent. TRS had previously filed a lawsuit against MakerDAO and Compound Protocol, accusing them of patent infringement. DEF argues that the patent should never have been granted due to a lack of uniqueness.
“In our petition, we demonstrate to the USPTO that the technology described in the patent [owned by TRS] was not new or unique at the time the patent was granted, and, in fact, there was prior art in circulation prior to its issuance.”
The DeFi Education Fund
TRS has three months to respond to the petition, and the USPTO will decide by March 2024 whether to accept the petition and proceed with the review. DEF’s goal is to protect the use and development of open-source software.
Nonpartisan Group Takes on Patent Troll in Defense of Crypto Projects
The DeFi Education Fund (DEF), a nonpartisan research and advocacy group, is actively fighting against True Return Systems LLC (TRS), a “patent troll.” DEF has filed a petition with the US Patent and Trademark Office (USPTO) to invalidate TRS’s patent claims. TRS had previously sued MakerDAO and Compound Protocol for alleged patent infringement. DEF argues that the patent should not have been granted, as it lacks originality and prior art existed.
“In our petition, we demonstrate to the USPTO that the technology described in the patent [owned by TRS] was not new or unique at the time the patent was granted, and, in fact, there was prior art in circulation prior to its issuance.”
The DeFi Education Fund
TRS has three months to respond to the petition, and the USPTO will determine by March 2024 whether to proceed with the patent review. DEF hopes their actions will protect the ability to utilize and develop open-source software.
Hot Take: Nonprofit Group Counters Patent Troll in Defense of Crypto
The DeFi Education Fund (DEF) is striking back against True Return Systems LLC (TRS) in defense of cryptocurrency projects. DEF, a nonpartisan research group, has submitted a petition to the US Patent and Trademark Office (USPTO) to nullify TRS’s patent claims, deeming them a “patent troll.” TRS had previously accused MakerDAO and Compound Protocol of infringing on their patent rights. DEF argues that the patent should not have been granted, as there is evidence of prior art.
“In our petition, we demonstrate to the USPTO that the technology described in the patent [owned by TRS] was not new or unique at the time the patent was granted, and, in fact, there was prior art in circulation prior to its issuance.”
The DeFi Education Fund
TRS has the opportunity to respond within three months, and the USPTO will decide by March 2024 whether to proceed with the patent review. DEF’s ultimate goal is to champion the freedom to use and advance open-source software.
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