June has not but seen the two largest crypto exchanges, Binance and Coinbase, under fire from the U.S. Securities and Exchange Commission, which promoted altcoins to dip, but has also witnessed a number of large institutions pushing further into crypto toward the end of the month, igniting hard-nosed sentiment. Bitcoin rose as a result, touching a one-year-high above $31,000 a few days after BlackRock, the world’s largest asset foreman, applied for a spot ETF on June 15.
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In December 2020, the SEC filed a lawsuit against Riffle Labs, accusing the company of …