Disney Prevents Justin Sun From Trademarking “TRON”

The latest Tron news show that the major entertainment company known for its movies Disney prevents Justin Sun from trademarking his “TRON” cryptocurrency. Reports from the US Patent and Trademark Office (USPTO) show that Sun got his hands on three trademarks.

On November 6 this year, the applications included one for “TRON” and were all rejected. With this, Disney prevents Sun from claiming the trademarks only because they did that before. As Disney claimed, the trademarks would damage its brand and no response was made after that.

Meanwhile, for those of you who don’t know, the CEO of Tron Justin Sun is a billionaire Chinese entrepreneur known for paying $4.6 million to have lunch with Warren Buffet, only to turn it down apparently because of pressure from the Chinese government. Sun also raised $70 million in an ICO for the TRON (TRX) cryptocurrency in September 2017 and has spent millions trying to attract developers to the project and go mainstream in the altcoin news.

As Disney prevents Sun from trademarking his own cryptocurrency, we can see that the three trademarks in question were all variations of the Tron name which it has used to brand the decentralized project over the past two years. The rejection of these trademarks will serve as a major loss for the project which Sun hoped would be the fourth largest platform by the end of this year. Instead, it has fallen to the twelfth place.

After the official article was published, Sun responded with a thread on Twitter and noted that “TRON has filed trademark applications in the United States for various marks in different classes, many of which have not been challenged and are not affected by Disney.”

(3/6) #TRON has filed trademark applications in the United States for various marks in different classes, many of which have not been challenged and are not affected by Disney.

— Justin Sun (@justinsuntron) December 21, 2019

He also added that while Disney prevents him to register a trademark, “Tron will continue to actively prosecute (sic) its trademarks in the United States. Tron has also already received trademark registrations in many other countries around the world.”

Back in February 2018, Tron Foundation and its partner Raybo Technology applied to trademark the words “TRON,” “TRONNETWORK” and “TRONIX.” Raybo Technology is known for working with the Tron Foundation on handing out $30 million of tokens on the Tron platform and police had to intervene when protestors blamed it for not separating itself from a Ponzi scheme.