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Latest from Nikhilesh De
U.S. House Hearing Marks Progress Toward Crypto Market-Structure Bill
Panel Democrats were stymied by witnesses declining to talk about potential conflicts of interest from President Donald Trump's crypto businesses.

DeFi Borrowing Demand Plunges as Crypto Traders Deleverage Amid Market Turmoil
The total value of borrowings on large DeFi platforms like Aave and Morpho has sharply dropped from the mid-December peak, as investors scrambled to reduce outstanding debt or got liquidated.

DOJ Axes Crypto Unit as Trump’s Regulatory Pullback Continues
“The Department of Justice is not a digital assets regulator,” U.S. Deputy Attorney General Todd Blanche said in the Monday night memo.

Inside North Korea's Favorite Crypto Laundering Tool: THORChain
Researchers say North Korea used THORChain to launder $1.2 billion following the biggest-ever crypto heist.

Why OFAC Delisted Tornado Cash
The Treasury Department may not have had any choice but to remove its designation of the crypto mixer.

U.S. SEC Staff Clarifies That Some Crypto Stablecoins Aren't Securities
In its latest what's-not-a-security statement on digital assets, the Securities and Exchange Commission has added dollar-based stablecoins, but may snub Tether.

Crypto-Friendly Prime Broker Hidden Road in Active Takeover Talks: Sources
The company is being advised by FT Partners, the sources said.

Illinois to Drop Staking Lawsuit Against Coinbase
Three other states — Kentucky, Vermont and South Carolina — have already dropped their suits.

U.S. SEC Nominee Atkins Gets Confirmation Nod From Senate Banking Committee
The panel voted to advance the confirmations of Paul Atkins to run the SEC and Jonathan Gould to lead the OCC, both of which would have a big say in crypto.

U.S. House Committee Advances Stablecoin Bill, While Dems Warn of Trump Conflicts
Though many Democrats on the House Financial Services Committee voted with Republicans to move the bill, they raised flags about the Trump-tied stablecoin.
