According to paulgrewal.eth, a trademark application should not be confused with a comprehensive business plan, especially under the Lanham Act framework (source: @iampaulgrewal, Twitter, June 17, 2025). For crypto traders and startups, this distinction is crucial as regulatory clarity around trademarks does not guarantee long-term project viability. Traders should be cautious when evaluating crypto projects that highlight trademark filings as a sign of strength, as this does not equate to sustainable business fundamentals or market potential. Understanding this legal nuance helps crypto investors avoid overvaluing projects based solely on trademark news, focusing instead on concrete business models and utility.