Shares of many cryptocurrencies and crypto-related stocks fell today after the Securities and Exchange Commission (SEC) sued the world's largest crypto exchange, Binance.

Shares of the large U.S.-based crypto exchange  (NASDAQ: COIN) traded roughly 12.5% lower as of 1:41 p.m. ET today, while shares of Bitcoin miner Riot Platforms (NASDAQ: RIOT) traded roughly 9.4% lower.

Meanwhile, since late afternoon yesterday, the price of cryptocurrency Shiba Inu (CRYPTO:SHIB) was down roughly 7.7%.

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Source Fool.com