Nikhilesh De

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.

Nikhilesh De

Latest from Nikhilesh De


Finance

Binance Gets $20B Investment From Abu Dhabi's MGX

It's the first institutional investment in the crypto exchange and the investment was made in an unnamed stablecoin, Binance said.

(Danny Nelson/CoinDesk)

Policy

U.S. House Votes to Overturn IRS DeFi Broker Rule

The IRS broker rule would have been impossible to comply with for DeFi entities, one of the resolution's proponents said.

Rep. Jason Smith advocating for the Congressional Review Act resolution on Tuesday ahead of the House vote. (C-SPAN)

Finance

Crypto Payments Firm Mesh Raises $82M as Stablecoin Adoption Soars

The fundraising was completed using PayPal's PYUSD stablecoin and was led by Paradigm

U.S. dollar (Unsplash, modified by CoinDesk)

Policy

Paraguay Is Only Waiting for Crypto Law: El Salvador’s Top Crypto Regulator

“From my perspective, Paraguay seems to have the groundwork laid for supervision, regulation, and taxation regimes," said CNAD President Juan Carlos Reyes.

Paraguay. Credit: Planet Volumes, Unsplash+

Policy

As House Panel Kicks Tires on Stablecoin Bill, Old-School Finance Giants Reveal Shift

In a U.S. congressional hearing on the new House stablecoin bill, witnesses including BNY and a Wall Street super-lawyer further show a tradfi arrival.

French HIll will be the next chairman of the House Financial Services Committee (Jesse Hamilton/CoinDesk)

Markets

Cboe Files Several Amended Documents to Allow Ether Staking in ETFs

The exchange filed amended 19b-4 documents with the Securities and Exchange Commission asking to allow staking of the ETFs.

Crypto exchange Cboe is asking the U.S. Securities and Exchange Commission (SEC) to allow staking in several spot ether (ETH) exchange-traded funds (ETFs

Policy

U.S. SEC's Acting Chair Walking Back Agency Proposal on Crypto Trading Platforms

The securities regulator's long-delayed rule expanding the scope of regulated exchanges shouldn't have tried to include crypto, Mark Uyeda argues.

Acting SEC Chair Mark Uyeda (Nikhilesh De/CoinDesk)

Policy

Cayman Islands Now Requires Licensing for Crypto Custody and Trading Companies

The new law will go into effect on April 1, 2025.

Cayman Islands (Creative Commons)

Markets

Volatility Shares Files for 3 XRP ETFs

The filings add to a growing list of firms seeking to launch XRP-focused ETFs in the U.S.

Polymarket odds of XRP ETF approval (Polymarket)

Policy

Coinbase CEO Armstrong Says He'll Hire 1,000 in U.S. as Crypto Tide Turns

Brian Armstrong said recent policy shifts warrant a new push in the U.S., and president's working group chief Hines said Trump is delivering on crypto promises.

Coinbase CEO Brian Armstrong at the White House