The Manhattan District Judge Paul Oetken said that Alibaba has not stated that it owns jurisdiction, that the 'Alibaba Foundation' interactive website was used to trade with customers in New York, and that Alibaba Group has not established a 'reasonable possibility'. Sex'.
The judge said that the Alibaba Foundation may eventually be listed on the U.S. Exchange, or that a New York company has opened its own cryptocurrency on its website. This has no effect.
He also stated that any damage that Alibaba Group may suffer, including its business, goodwill and reputation, may be affected by trademark infringement. Most likely it is in China, which is also the home of the e-commerce retailer.
Previously, the Alibaba Group accused the Alibaba Foundation of damaging its operations in the United States, causing actual customer confusion in the United States, which violated federal and state laws.
Paul Oetken withdrew a temporary restraining order issued by another judge on April 2 against the Alibaba Foundation.
He also said that Alibaba has a chance to explain why this case belongs to the jurisdiction of Manhattan.
Alibabacoin, also known as the ABBC Foundation, argues that he is not trying to steal Alibaba's name.
The company also stated that China’s first ban on currency bills in September eliminated consumers’ potential confusion about their links with Alibaba.