Nikhilesh De

Managing Editor, Global Policy & Regulation

Nikhilesh De is CoinDesk's managing editor for global policy and regulation, covering regulators, lawmakers and institutions. When he's not reporting on digital assets and policy, he can be found admiring Amtrak or building LEGO trains. He owns < $50 in BTC and < $20 in ETH. He was named the Association of Cryptocurrency Journalists and Researchers' Journalist of the Year in 2020.

Latest from Nikhilesh De

Markets

New OCC Chief Signals Greater Caution on Crypto

"We created an Office of Innovation, updated the framework for chartering national banks and trust companies, and interpreted crypto custody services as part of the business of banking. I have asked staff to review these actions," Acting Comptroller Michael Hsu said.

May 18, 2021

Former Acting Comptroller of the Currency Brian Brooks

Policy

State of Crypto: Meet Lael Brainard, the Fed's CBDC Champion

Last year, Federal Reserve Governor Lael Brainard announced the Boston branch of the U.S. central bank was exploring a digital dollar. She’ll be speaking next week at Consensus.

May 18, 2021

Federal Reserve Governor Lael Brainard has addressed crypto-related issues while in her role at the U.S. central bank over the past five years.

Markets

Tether's First Reserve Breakdown Shows Token 49% Backed by Unspecified Commercial Paper

The new composition report is part of Tether’s efforts to stay in compliance with a settlement with the New York Attorney General.

May 13, 2021

Tether's USDT is a key piece of plumbing for the roughly $2 trillion global crypto market.

Markets

Facebook-Backed Diem Partners With Silvergate Bank to Issue US Dollar Stablecoin

Diem is moving its "primary operations" from Switzerland to the U.S.

May 12, 2021

Markets

SEC Staff Calls Bitcoin ‘Highly Speculative,’ Hints at ETF Skepticism

SEC staff intend to determine whether the "bitcoin futures market could accommodate ETFs," the note said.

May 11, 2021

Policy

US Senator Proposes Making Distributed Ledgers ‘Key Technology Focus’

Wyoming's Cynthia Lummis wants the U.S. government to make blockchain a priority.

May 11, 2021

Senator Cynthia Lummis (R-Wyo.) is sponsoring an amendment that would add digital ledger technology to a list of science and technology priorities for the federal government.

Policy

FDIC Chief Says Agency Wants to Know More About Digital Assets

"At the FDIC we have been watching [digital asset] developments closely, and plan to issue a request for information to learn more," Jelena McWilliams said.

May 11, 2021

Jelena McWilliams, head of the Federal Deposit Insurance Corp.

Policy

State of Crypto: Gary Gensler's Regulatory Clarity Sounds Awfully Familiar

Gary Gensler said Congress should provide clarity around crypto exchange regulation. A 2020 bill sought to do just that.

May 11, 2021

SEC Chair Gary Gensler suggested Congress could grant a federal regulator oversight authority over crypto exchanges during a Congressional hearing last week.

Markets

IRS Taps TaxBit to Audit Bulk Crypto Transactions

TaxBit will aggregate transaction data and ensure that the right figures were reported by the taxpayer.

May 11, 2021

The IRS has tapped TaxBit with providing crypto-specific support when the agency audits high-volume accounts.

Markets

Cboe Kicks Fidelity-Linked Bitcoin ETF Application to SEC

The SEC has 45 days to make an initial decision.

May 10, 2021

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