Bitcoin rebounded after dropping to a three-month low of less than $25,500 on Tuesday following news that Coinbase had been sued by the SEC for violating federal securities law. The lawsuit also listed 13 tokens which could be deemed as securities, including Cardano’s ADA and Polygon’s MATIC, both of which are down 5% over the past 24 hours.

Cathie Wood’s Ark Investment Management added to its investment in Coinbase after the SEC lawsuit sent the share price tumbling. The U.S. Court of Appeals for the Third Circuit has ordered the SEC to clarify its position on a rulemaking petition from Coinbase.