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Latest from Nikhilesh De
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%2Fstaging%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.

What I Learned About Crypto Regulation From a Week in DC
Crypto has arrived in the capital and concerns about stablecoins are very real. Nikhilesh De, CoinDesk’s managing editor for global policy and regulation, takes stock.

Cboe Acquires ErisX in Return to Crypto Derivatives Market
ErisX maintains both crypto spot and derivatives trading markets in the U.S.

VanEck to Join ProShares in Launching a Bitcoin Futures ETF
The two funds would be the first bitcoin-linked ETFs to begin trading in the U.S., opening the door for a much broader base of investors.

Facebook’s Novi Taps Paxos, Coinbase Ahead of Diem Rollout
Coinbase will provide custody services, while Paxos is supplying the stablecoin Novi will use.

US Lawmakers Push Back on Facebook’s Novi Wallet Launch
A group of Democrat senators is taking umbrage with a pilot launch involving Novi and Paxos’ USDP stablecoin.
