Nik De

A federal judge has rejected Binance's request to curtail the U.S. Securities and Exchange Commission's (SEC) use of language pertaining to Binance.US' management of customer funds in press releases. CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De discusses the judge's response to the complaint and whether this will have any impact on the SEC's ongoing lawsuit against Binance and Binance.US.

Jun 27, 2023

Crypto custody firm Prime Trust has "a shortfall in customer funds" and was unable to meet all withdrawal requests this month, the Nevada Department of Business and Industry said Thursday. The regulator ordered Prime Trust to cease all activities which violate Nevada regulations. CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De weighs in on the state of the embattled company.

Jun 23, 2023

SEC general counsel Megan Barbero testifies at a hearing held by the House Financial Services Committee on the agency's oversight. CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De brings the latest on the hearing.

Jun 22, 2023

Analysts from Berenberg say that the U.S. Securities and Exchange Commission (SEC) could bring DeFi protocols and stablecoins, including tether and USD Coin, into regulatory compliance as the agency continues its crackdown on the crypto industry. CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De weighs in on the report.

Jun 21, 2023

CoinDesk recently obtained documents under a Freedom of Information Law request, which offer a rare but limited look into Tether’s banking relationships. CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De breaks down what the documents reveal about the stablecoin issuer's banking relationships and past reliance on commercial paper.

Jun 20, 2023

The U.S. Securities and Exchange Commission (SEC) sued crypto exchange Coinbase on allegations of violating federal securities law. Coinbase Chief Legal Officer Paul Grewal sits down with CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De to discuss Coinbase's response to the charges and its legal strategy.

Jun 15, 2023

The federal judge overseeing the U.S. Securities and Exchange Commission's case against Binance and Binance.US declined to order a temporary restraining order freezing the U.S. trading platform's assets. CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De discusses the key takeaways from Tuesday's hearing.

Jun 14, 2023

Russian nationals Alexey Bilyuchenko and Aleksandr Verner were charged by the U.S. Department of Justice with the 2014 Mt. Gox hack, at the time one of the biggest thefts in crypto history. CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De breaks down the latest revelations in the case.

Jun 12, 2023

Binance.US says it's transitioning to an all-crypto exchange as of June 13, citing pressures from the U.S. Securities and Exchange Commission (SEC), which targeted the company with a major enforcement action this week. CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De discusses the exchange's move away from the use of fiat and pressure from regulators.

Jun 9, 2023

Crypto exchange Coinbase (COIN) will continue operating its crypto staking service despite facing lawsuits from state and federal regulators over the program and several of its other offerings, Coinbase CEO Brian Armstrong said Wednesday at the Bloomberg Invest Conference. Plus, a letter from Binance’s counsel says that SEC Chair Gary Gensler should be recused from the case because he once offered to be an "informal advisor." CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De breaks down the latest developments.

Jun 8, 2023