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Latest from Nikhilesh De
What’s the SEC Saying About Crypto?
Interpreting statements from SEC officials may really be just like reading tea leaves.

US Regulators Plan to Define Legal Bank Activities Around Crypto in 2022
The interagency sprint team was composed of the OCC, FDIC and Fed.

US Congressmen Introduce Bill to Modify Crypto Tax Provision in Infrastructure Law
U.S. President Joe Biden signed the infrastructure bill into law on Monday.

House Sends Infrastructure Bill With Crypto Tax Provision to US President
The vote passed with bipartisan support on Friday night.

The US Treasury’s Stablecoin Report Would Treat Issuers Like Banks, but Doesn’t Address How
The U.S. government’s stablecoin report is finally out. Bank regulators are having a big day.

Biden Administration to Congress: Put Stablecoins Under Federal Supervision – Or We Will
If U.S. lawmakers don’t act, regulators have the authority to take their own measures, according to the long-awaited report from the President’s Working Group on Financial Markets.
![LEGISLATE, PLEASE: “The current regulatory framework isn’t set up to address some of the new kinds of risks that [stablecoins] could pose,” says Treasury Under Secretary Nellie Liang. (Andrew Harrer/Bloomberg via Getty Images)](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fhotfix%2Fa8c4cb4f621ed865d50afefce21ce3dbbf009d39-3000x1999.jpg%3Fauto%3Dformat&w=1080&q=75)
Biden’s ‘Build Back Better’ Act Would Close Crypto Tax Loophole
The provision adds cryptocurrency transactions to constructive sale rules under the tax code.

CFTC Should Be Crypto’s ‘Primary Cop,’ Acting Chairman Says
Rostin Behnam points to enforcement actions the agency has already taken.

Direxion Files for Short Bitcoin Futures ETF
Investment firms are getting creative after last week’s watershed bitcoin ETF launch.

Everyone Wants Crypto Regulations – On Their Terms
The industry is speaking, but lawmakers may not be listening.
