The biggest news in the cryptosphere for Oct. 12 includes Greyscale’s lawsuit against the SEC for not approving a U.S. spot Bitcoin ETF, CoinCenter’s lawsuit against the U.S. Treasury for overstepping its legal authority by banning Tornado Cash, and Arbitrium’s parent company Offchain Labs’ acquisition of leading Ethereum client Prysmatic Labs.
CryptoSlate Top Stories
Grayscale files opening brief in Bitcoin ETF battle against SEC
Grayscale Investments have been trying to get the Securities and Exchange Commission (SEC) to approve a U.S. spot Bitcoin (BTC) exchange-traded fund (ETF). The SEC has rejected all attempts of Grayscale so far.
Grayscale’s parent company Digital Currency Group (DCG) CEO Barry Silbert, said it is time the SEC approved a spot Bitcoin ETF and filed a lawsuit against the SEC, claiming it is discriminatory to allow Bitcoin futures ETFs but not a spot ETF.
Coin Center sues US Treasury over Tornado Cash sanctions
Coin Center filed a lawsuit against the U.S. Treasury Department for sanctioning Tornado Cash (TORN), arguing that it overstepped its legal authority by banning a protocol that protected Americans’ privacy rights.
The lawsuit stated:
“As a result of the Biden administration’s criminalization of Tornado Cash, these donors are less likely to contribute to Coin Center. They are effectively banned from engaging in expressive advocacy.”
Arbitrium’s Offchain Labs acquires leading Ethereum client
Arbitrium’s parent company Offchain Labs announced that it acquired a core Ethereum (ETH) development team, Prysmatic Labs.
Prysmatic Labs is behind Ethereum’s leading consensus layer client, Prysm, which is an Ethereum PoS client that pioneered the Ethereum Merge.
21Shares spot Bitcoin ETP goes live on Nasdaq Dubai
Crypto exchange traded-product (ETP) issuing company 21Shares listed its first physically-backed Bitcoin ETP on Nasdaq Dubai. The new ETP will be traded under the ticker ABTC.
With ABTC, 21Shares increased its ETP products to 46, which are listed across 12 exchanges in seven different countries.
TRON becomes legal tender in Dominica
Dominica announced making TRON (TRX) authorized digital currencies in the Caribbean Island. The new adoption includes all TRON-based native tokens like BTT, JST, NFT, USDD, USDT, and TUSD as well.
The news was announced by TRON’s CEO, Justin Sun, on his Twitter account.
It is official! All #TRON cryptos including #TRX #BTT #JST #NFT #USDD #USDT #TUSD are granted statutory status as…
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