According to BlockBeats, on December 26, TheBlock reported that Teresa Goody Guillén, former litigation counsel of the U.S. Securities and Exchange Commission and partner of BakerHostetler law firm, said that the U.S. Securities and Exchange Commission is expected to file fewer cases against cryptocurrency companies in the new year. The SEC will only be able to file lawsuits in cases involving securities. If the lawsuit does not involve securities, the bad actors must be referred to the Department of Justice and other regulatory agencies, such as the U.S. Commodity Futures Trading Commission.