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Nikhilesh De
Key Takeaways From Tuesday’s Crypto Hearings
Congress held three simultaneous hearings around cryptocurrencies and their use cases on Tuesday. CoinDesk’s Nikhilesh De discusses the high-level takeaways, proposing the outlook for crypto regulation. Plus, whether there is a partisan divide among lawmakers in their discussions about crypto.

USDT Maintains Dollar Peg as Traders Shrug Off DOJ Tether Probe Report
USDT has largely held its dollar peg since Bloomberg reported Monday the U.S. Department of Justice is investigating Tether, the issuer of the largest stablecoin, for possible bank fraud. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the latest developments in the ongoing investigation and what to watch for.

What to Expect From Tuesday’s Crypto Hearings in DC
CoinDesk’s Nikhilesh De discusses what to expect from two crypto-focused hearings commencing Tuesday: the first by the U.S. Senate Banking Committee discussing the topic of “Cryptocurrencies: What are they good for?” and the second by the House Financial Service Committee on CBDCs.

Texas Cracks Down on BlockFi, Joining Alabama, New Jersey
Texas is the latest state after Alabama and New Jersey to join the list of jurisdictions filing a cease-and-desist order against BlockFi, with its regulators alleging on Thursday the crypto lender's Interest Account (BIA) product is a security under state rules. CoinDesk's Nikhilesh De discusses the latest developments swirling around BlockFi and its regulatory implications.

BlockFi Receives Cease and Desist Order From New Jersey Attorney General
Crypto lending platform BlockFi has received an order from New Jersey’s acting attorney general (AG) to halt its Interest Account (BIA) operations in the U.S. state. CoinDesk’s Nikhilesh De discusses the implications for BlockFi and its clients. Plus, his take on Circle’s breakdown of its assets backing the stablecoin USDC.

Yellen Urges Federal Agencies to ‘Act Quickly’ on Stablecoin Regulation
Treasury Secretary Janet Yellen convened a meeting Monday of the President’s Working Group on Financial Markets (PWG) to discuss stablecoins. CoinDesk’s Nikhilesh De shares the key takeaways, proposing the regulatory outcome. Plus, his take on Mastercard potentially testing USDC for payments.

Biden Administration Accuses Chinese Hackers of Conducting Ransomware, Cryptojacking Attacks
U.S. President Joe Biden is accusing the Chinese government of supporting cyberattacks, including ransomware, cryptojacking, digital extortion, and theft. CoinDesk's Nikhilesh De discusses the allegations as the White House ramps up its anti-ransomware efforts. Plus, his take on the U.S. Presidential Advisory Group's meeting on stablecoins Monday.

US State Department Offers to Pay for Cybercrime Tips With Crypto
CoinDesk's Nihilesh De reacts to the U.S. State Department offering to pay up to $10 million in crypto for tips on cybercrime, including ransomware. "[This] is actually a first for the federal government," De said, noting the State Department has never provided crypto as a reward. Plus, Binance halting the trading of their stock tokens.

Fed's Powell Says Stablecoins Need Stricter Regulation
CoinDesk's Nikhilesh De reacts to Fed Chair Jerome Powell's comments to the House Financial Services Committee on the need to regulate stablecoins like bank deposits and money market funds. "The big question now is whether that will lead to any actual concrete regulations beyond just conversation," De said.

UK Binance Users Locked Out From Faster Payments System
In a letter to its U.K. customers, Binance said Monday that any pound sterling withdrawals or transactions on the platform via the Faster Payments network would not be processed. CoinDesk’s Nikhilesh De weighs in on what this means for Binance and its users.
