Cryptocurrency-tied stocks experienced a decline in premarket trading on Monday, continuing the downward trend from the previous session. The lawsuits filed by U.S. regulators against two prominent digital token exchanges were the primary catalyst for these declines.

Shares of Coinbase Global, Inc. (NASDAQ: COIN), which faced a lawsuit from the Securities and Exchange Commission (SEC) last week over the alleged operation of an unregistered exchange, experienced a decline of over 1.50%. Coinbase and its competitor Binance are under the spotlight of an extensive SEC crackdown on cryptocurrency. On Friday, Coinbase stock also recorded a loss of 2.95%.

Furthermore, cryptocurrency mining companies Riot (NASDAQ: RIOT) and Marathon Digital Holdings, Inc. (NASDAQ: MARA) were also experiencing losses in their stock values.

Amidst these developments, Bitcoin showed a slight increase of 0.74% to reach $25,973.2 as of 07:24 ET (11:24 GMT). This modest gain represented a minor recovery from an earlier dip observed on Monday. Over the past seven days, the value of the world’s most renowned cryptocurrency has declined by more than 2.50%.