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


Policy

US Lawmakers Ask SEC to Clarify Broker-Dealer Rules

U.S. lawmakers asked the SEC and FINRA to clarify how crypto firms can become registered broker-dealers and provide custody services for crypto assets.

Rep. Tom Emmer

Policy

Crypto Startup BitPay Files to Become Federally Regulated US Bank

Crypto payments firm BitPay has filed to become a national bank in the U.S., according to a Dec. 8 legal notice.

BitPay CEO Stephen Pair

Markets

Linda Lacewell: A Friendlier Regulator

NYDFS Superintendent Linda Lacewell is a regulator prepared to work with the grain of crypto rather than against it.

Linda Lacewell

Markets

Bequant, Global Digital Finance Look to Create Best Practices for DeFi

A working group wants to create some best practices for decentralized finance in an effort to improve adoption while warding off potential regulations.

U.S. dollars

Policy

Waters Tells Biden to Rescind OCC Crypto Guidance; May Be Part of Anti-Trump, Anti-Crypto Offensive

The head of the House Financial Services Committee wants President-elect Biden to to rescind guidance by the OCC that national banks may hold stablecoin reserves as a service to bank customers.

U.S. Representative Maxine Waters, who chairs the House Financial Services Committee

Policy

Coin Center Donations Top $100K Worth of Dai Following Anti-Stablecoin Bill Proposal

Donations in dai, USDC, and ether were sent to Coin Center via Gitcoin.

Donations sent to Coin Center via Gitcoin over the past 48 hours

Markets

US Lawmakers Introduce Bill That Would Require Stablecoin Issuers to Obtain Bank Charters

Rep. Rashida Tlaib, Rep. Stephen Lynch and Rep. Jesus Chuy Garcia have introduced a bill that would require stablecoin issuers to secure bank charters and either obtain FDIC insurance or maintain full reserves to operate in the U.S.

U.S. Rep. Rashida Tlaib

Finance

Libra Rebrands to 'Diem' in Anticipation of 2021 Launch

The Libra Association is rebranding itself as Diem to distance itself from the original multi-currency stablecoin vision as it prepares for a possible 2021 launch.

Diem CEO Stuart Levey said the first stablecoin issued by the former Libra Association would be a dollar-backed token, which is pending FINMA approval.

Markets

Gary Gensler Under Consideration for Deputy Treasury Secretary Role: Report

Former CFTC Chair Gary Gensler, who's leading Joe Biden's financial oversight team, may be tapped as Deputy Treasury Secretary.

Former CFTC Chair Gary Gensler

Markets

Coinbase Will Suspend All Margin Trading Tomorrow, Citing CFTC Guidance

Coinbase plans to suspend all margin trading contracts effective tomorrow, and will end the service entirely by next month.

Coinbase CEO Brian Armstrong