US Copyright Office: We have not "recognized" Craig Wright as BTC inventor

22 May, 2019 | Updated: 22 May, 2019
by David Borman
Update
US Copyright Office: We have not recognized Craig Wright as BTC inventor

Recently Chepicap reported that Craig Wright had applied for a copyright on the original Bitcoin whitepaper, as well as much of the code. Since it was granted, Wright used this as evidence that he had been officially recognized by the US government as Satoshi Nakamoto. Now, as Financial Times' Alphaville is reporting, the Copyright Office has released an official statement that it has not, in fact, determined or recognized the validity of Wright's claim, as that is not their purpose.

Essentially, the Copyright Office clarified that they do not investigate the claims made by those applying for copyrights. If a claim is challenged, it will be sent on to the courts to settle the dispute. This is very much what people were saying across twitter yesterday, but now we have an official statement on it.

From the press release quoted in the article:

"When the Copyright Office receives an application for registration, the claimant certifies as to the truth of the statements made in the submitted materials. The Copyright Office does not investigate the truth of any statement made... A registration represents a claim to an interest in a work protected by copyright law, not a determination of the truth of the claims therein. It is possible for multiple, adverse claims to be registered at the Copyright Office. The Copyright Office does not have an opposition procedure for copyright registrations, such as the procedures available at the Patent and Trademark Office for patents and trademark registrations. Disputes over the claims in a registration may be heard before federal courts, including disputes over authorship of a work."

This makes it clear that any attempt for Wright to use this as evidence of anything is erroneous. Anybody with $55 can register a copyright online, even multiple people for the same thing.

Despite this, much of the price pump that we saw on yesterday's news is still being preserved. After initially jumping to over $130, the price is now holding just above $100.

BSV/USD Chart provided by Tradingview

It was unclear why such obviously inaccurate claims would have caused such a run-up in price, but it seems that the clear refutation of those claims isn't bringing it back down. What will be next in the unfolding Wright saga? Stick right here with Chepicap for all updates!

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