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Latest from Nikhilesh De
Unpacking the Latest Lummis-Gillibrand Bill Draft
Senators Cynthia Lummis and Kirsten Gillbrand unveiled a new version of their crypto bill, which could define more of the conversation around digital asset legislation.
A Second Round of the Lummis-Gillibrand Crypto Bill Elevates CFTC, Defines DeFi
Last year’s prominent U.S. crypto legislation from a bipartisan pair of senators is back for a reboot that imagines a less prominent role for the SEC than Chair Gary Gensler has in mind.
Coinbase Goes to Court Against the SEC
Coinbase and the SEC will meet in court this week (for a pre-motion hearing). Here’s what we’re watching.
U.S. Department of Justice Arrests Engineer Over $9M Crypto Theft
The DOJ alleged that Shakeeb Ahmed stole $9 million from a crypto exchange that operates on Solana, through a flash loan attack last year.
EU’s Metaverse Vision Focuses on Standards, Governance and Funding
The EU isn’t proposing new laws but could spend hundreds of millions on research into virtual worlds.
U.S. Senator Tuberville Asks DOJ, SEC to Investigate Crypto Broker Prometheum
The lawmaker alleged that the company may have lied to Congress under oath or misled investors in securities filings.
Coinbase Knew It May Have Been Violating the Law Prior to the SEC's Lawsuit, Regulator Claims
The SEC pushed back against a previous Coinbase filing which argued that the regulator did not have sufficient jurisdiction to bring a lawsuit.
Binance Feels Strain of World’s Regulators Leaping Into Action
This week’s Australian probe, which sought out Binance employees outside the office, is only one of a growing list of legal entanglements facing the world’s biggest crypto exchange.
Gemini Sues Digital Currency Group and Founder Barry Silbert Alleging 'Fraud'
The lawsuit is the latest escalation by Gemini, which is trying to recover funds for its Earn program held by DCG subsidiary Genesis.
Big Banks, NY Fed’s Innovation Group See Merit in Digital Ledgers for Global Payments
NY Fed’s innovation center worked with Citi, HSBC and other banks on the concept of a network for wholesale payments on a shared ledger, finding the idea has potential benefits.
