On December 26th, COINOTAG reported insights from TheBlock highlighting a significant potential shift in the enforcement landscape for cryptocurrency firms. Teresa Goody Guillén, a former litigation advisor at the U.S. Securities and Exchange Commission (SEC) and current partner at BakerHostetler, indicated that the SEC is poised to limit its litigation focus in the upcoming year. This strategy will prioritize cases strictly involving securities, thereby streamlining the regulatory focus on compliance within the industry. Notably, cases that do not fall under the securities umbrella will be redirected to the Department of Justice and other relevant bodies like the U.S. Commodity Futures Trading Commission. This anticipated regulatory pivot underscores the SEC’s intent to delineate its approach amidst evolving definitions of cryptocurrency regulation.
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