Nikhilesh De

Bloomberg reports that the U.S. Department of Justice's national security division is conducting an inquiry into whether Binance allowed Russian customers to access the exchange in violation of U.S. sanctions related to Russia's invasion of Ukraine. Spokespeople for Binance and the Justice Department did not immediately return CoinDesk's requests for comment. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De shares the latest developments.

May 8, 2023

The New York Department of Financial Services would have stronger authority to regulate digital assets, with exchanges having to reimburse customers if they’re the victims of fraud, under a bill proposed by Attorney General Letitia James on Friday, according to reports in the Wall Street Journal and Bloomberg. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De weighs in on what this proposal means for the future of crypto regulation.

May 5, 2023

Fraud claims against Alex Mashinsky are ‘baseless,’ and based on online misinformation, the Celsius co-founder and former CEO said in response to a lawsuit brought by New York State. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the latest in crypto regulation.

May 3, 2023

Yahoo News is reporting that the Biden Administration is pushing for a 30% climate change tax on cryptocurrency mining. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses what it would take to incorporate the proposal.

May 2, 2023

Poloniex LLC, a U.S. entity previously affiliated with the Poloniex crypto exchange, will remit $7.59 million to settle sanctions violation allegations with the U.S. Treasury Department's Office of Foreign Asset Control (OFAC), the sanctions watchdog said Monday. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the latest in crypto regulation. 

May 2, 2023

Rep. Patrick McHenry (R–N.C.) said the U.S. House Financial Services Committee and House Agriculture Committee will put together legislation to oversee the crypto sector in the "next two months," during CoinDesk's Consensus 2023 event. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses his key takeaways and what to expect from U.S. lawmakers regarding crypto regulation this year.

May 1, 2023

More than ever, governments around the world are paying close attention to the cryptocurrency world and taking a wide range of approaches, from solicitous to hostile. On Friday, April 28, policy and crypto community leaders will convene to discuss how to optimize a regulatory approach that protects users and boosts confidence in the digital asset industry without squelching innovation or defeating the objective of equitable financial access. CoinDesk Global Policy & Regulation Managing Editor Nik De joins to discuss.

Abr 21, 2023

The House Financial Services Committee held its first hearing on stablecoins in 2023 on Wednesday in connection with a discussion draft bill created by Reps. Maxine Waters (D-Calif.) and Patrick McHenry (R-N.C.) last year and that was published over the past weekend. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De explains why some key Democrats are bringing into question the chances for U.S. stablecoin legislation that the crypto industry has been relying on as the first real oversight effort from Congress.

Abr 20, 2023

The House Financial Services Committee has unveiled a draft of its stablecoin legislation, proposing a framework for issuers such as Circle and Tether to define how state and federal entities can regulate their offerings. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the potential timeline for the legislative process and what to expect from the upcoming hearing on stablecoins.

Abr 19, 2023

CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De weighs in on what to expect from SEC Chair Gary Gensler's testimony from the upcoming hearing of the House Financial Services Committee. Plus, the latest on SEC's lawsuit against crypto exchange Bittrex.

Abr 18, 2023