Former US SEC litigation counsel: Expected to see fewer cases filed against cryptocurrency companies in the new year

According to Foresight News, citing The Block, Teresa Goody Guillén, a former litigation counsel at the U.S. Securities and Exchange Commission and a partner at BakerHostetler law firm, said that the SEC is expected to file fewer cases against cryptocurrency companies in the new year, and that in the future the SEC can only file lawsuits involving securities. Therefore, if the lawsuit does not involve securities, the agency will refer these bad actors to the Department of Justice and other regulatory agencies, such as the U.S. Commodity Futures Trading Commission.