Share this article
Tax Preparer H&R Block Sues Block Over Rebranding From Square
The Jack Dorsey-run payments giant is infringing on the accounting firm’s family of trademarks, H&R Block claims.
Updated May 11, 2023, 7:13 p.m. Published Dec 16, 2021, 5:55 p.m.
What’s in a name? In this case, a lawsuit.
Fintech and digital payments giant Block, Inc., formerly known as Square, is being sued by tax preparation services company H&R Block for trademark infringement.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- Earlier this month, Square announced changing its name to Block to reflect changes to its business. The step may also be signaling the firm’s significant crypto ambitions.
- On Thursday, H&R Block said it has filed a lawsuit against the Jack Dorsey-run Block, arguing that “the goodwill and brand identity that [H&R] Block has carefully cultivated and nurtured over the last 65 years is under attack by the Silicon Valley fintech company.”
- H&R Block noted this new Block is a competitor in several financial services areas, including tax preparation via Block’s recent purchase of Credit Karma Tax, now called Cash App Taxes.
- “Today’s filing is an important effort to prevent consumer confusion and ensure a competitor cannot leverage the reputation and trust we have built over more than six decades,” said H&R Block CEO Jeff Jones.
- The complaint was filed in the U.S. District Court for the Western District of Missouri.
- Shares of Block were down 5.3% to $164.91 in trading Thursday.
- Block did not immediately respond to CoinDesk’s request for comment on the lawsuit.
Read more: Jack Dorsey Takes Square Deep Down the Bitcoin Rabbit Hole
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Michael Saylor's Strategy Hangs on to Spot in Nasdaq 100 Index
The annual Nasdaq 100 rebalance saw six companies dropped and three new additions, with changes taking effect on December 22, but bitcoin treasury company Strategy hung onto its spot.
What to know:
- Strategy (MSTR) will remain in the Nasdaq 100 index despite a major reshuffle, which saw several household names dropped.
- The firm's business model, which involves stockpiling bitcoin, has drawn criticism from analysts and index providers, with MSCI considering excluding crypto treasury companies from its benchmarks.
- The Nasdaq 100 rebalance saw six companies dropped and three new additions, with changes taking effect on December 22, but Strategy's bitcoin-heavy strategy secured its spot.
Top Stories
