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Coinbase Global, Inc. (NASDAQ:COIN), who was sued last week by the Securities and Exchange Commission for allegedly operating an unregistered exchange, saw its shares drop by more 1.50%. The group, along with rival Binance, is at the center of a broader SEC crackdown on the cryptocurrency industry. On Friday, Coinbase stock shed 2.95%.
Elsewhere, cryptocurrency miners Riot (NASDAQ:RIOT) and Marathon Digital Holdings, Inc. (NASDAQ:MARA) were also in the red.
The moves come as Bitcoin edged up 0.74% to $25,973.2 as of 07:24 ET (11:24 GMT). The modest gains marked a slight recovery from a dip earlier on Monday. The value of the world’s most popular token has decreased by over 2.50% in the past seven-day period.
