The Block10 minutes ago

Published on September 11, 2023 19:49 GMT+00:00edited on September 11, 2023 19:54 GMT+00:00

The DeFi Education Fund is fighting back against lawsuits alleging patent infringement in a move to defend the cryptocurrency industry's ability to use open source software. 

The Washington D.C.-based advocacy group filed a petition late last week with the U.S. Patent and Trademark Office in a New York district court after a firm sued two decentralized autonomous organizations over alleged patent infringement. 

Connecticut-based technology company True Return Systems LLC sued both Compound Protocol and MakerDAO in October 2022 and said both DAOs knew about a patent and infringed on it. 

True Return holds a patent issued in 2018 that claims to "invent a process for bringing off-chain data on-chain, including the use of oracles," the DeFi Education Fund said in a statement …