Nikhilesh De

Nikhilesh De is CoinDesk's managing editor for global policy and regulation, covering regulators, lawmakers and institutions. He owns < $50 in BTC and < $20 in ETH. He won a Gerald Loeb award in the beat reporting category as part of CoinDesk's blockbuster FTX coverage in 2023, and was named the Association of Cryptocurrency Journalists and Researchers' Journalist of the Year in 2020.

Nikhilesh De

Latest from Nikhilesh De


Policy

State of Crypto: Stablecoin Rules Are Coming

Regulatory authorities are talking about stablecoins more and more, but it remains to be seen what they’ll actually implement.

Stablecoins are going to continue to be a topic of conversation.

Markets

Mastercard to Test USDC for Payments as Stablecoin Scrutiny Intensifies

Mastercard will use the USDC stablecoin as a bridge asset for cardholders who want to pay for goods using cryptocurrencies.

Mastercard is working with Circle to use the USDC stablecoin for some payments.

Markets

Presidential Advisory Group Promises Stablecoin Recommendations

The Treasury Department didn't lay out a timeline for when it will publish its recommendations on stablecoin regulation.

Treasury Secretary Janet Yellen "underscored the need to act quickly" on stablecoin regulations, a press release said.

Markets

Biden Accuses Chinese State Actors of Ransomware, Cryptojacking Attacks

"Hackers with a history of working for the PRC Ministry of State Security (MSS) have engaged in ransomware attacks, cyber enabled extortion, crypto-jacking, and rank theft from victims around the world, all for financial gain," a White House press release said.

The U.S. government accused the Chinese Ministry of State Security of supporting hackers conducting ransomware and crypto-jacking attacks.

Policy

US Presidential Advisory Group to Discuss Stablecoins

Federal Reserve Chairman Jerome Powell, Securities and Exchange Commission Chair Gary Gensler and Commodity Futures Trading Commission Acting Chair Rostin Behnam will also participate in Monday's meeting.

Treasury Secretary Janet Yellen is convening a presidential advisory group to examine the benefits and risks of stablecoins.

Markets

Bipartisan US Bill Would Define Digital Assets, Emerging Technologies

The reintroduced bill has a Democrat co-sponsor this time, which might help its passage through the House.

Rep. Tom Emmer

Markets

White House Plans Ransomware Task Force: Report

The task force that will examine ways of limiting cryptocurrency payments in ransomware attacks.

Deputy National Security Adviser Anne Neuberger reportedly announced a ransomware task force to a group of senators on Wednesday.

Markets

SEC Further Delays WisdomTree Bitcoin ETF Decision

The SEC instituted proceedings on whether to approve the WisdomTree bitcoin ETF application, effectively delaying any firm decision by a few months.

SEC Chairman Gary Gensler

Policy

State of Crypto: Binance Is Firmly in the Regulatory Crosshairs

World regulators have announced warnings around Binance, drawing attention to the exchange's operations and hinting at future actions.

Binance CEO Changpeng "CZ" Zhao

Policy

SEC Charges 3 for Insider Trading Over Long Island Iced Tea's Blockchain 'Pivot'

One insider bought 35,000 shares of the company’s stock, which pumped on the news, selling after the announcement was formalized.

SEC Chairman Gary Gensler