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Latest from Nikhilesh De
U.S. President Biden Vetoes Resolution Overturning SEC Guidance
Joe Biden said he would veto the resolution before the House or Senate voted on it.


Wall Street Asks Biden Not to Veto Congress' Rejection of SEC Crypto Policy
Lobbying groups for the U.S. banks sent President Joe Biden a letter asking him to change his mind on his threat to veto the congressional effort to overturn SAB 121. Members of Congress did, too.

U.S. Sen. Wyden: House 'Right' to Pursue Crypto Bill, Late in Session for More Progress
The Oregon Democrat has been among his party's crypto sympathizers in the Senate, and he said there's "a long way to go" after this early burst of crypto momentum in Washington.

A16z Boosts Crypto's Election Fund by Another $25M to Seek Friendly Congress
After Ripple's similar addition, which put the industry's political action committees over the $100M mark this week, the additional $25M pushes the political influence into rare territory.

U.S. Lawmaker at Center of Crypto Negotiation Predicts Digital Assets Law by Next Year
Rep. Patrick McHenry – the chief GOP negotiator on crypto legislation – said future policy is now assured by a major bipartisan showing for his effort in the House of Representatives.

U.S. Treasury Isn’t Trying to Ban Crypto Mixers, Top Official Says
FinCEN’s 2023 proposal to require crypto companies to report transactions that involved mixing is about transparency, not banning mixers, said Brian Nelson, U.S. Treasury undersecretary.

U.S. House's Emmer Says Best Hope for Crypto Legislation Is Year-End Session
The Republican majority whip, Rep. Tom Emmer, suggested headwinds for a major crypto bill in this waning session, with a best shot in the so-called lame-duck session after the election.

Ripple Donates Another $25M to Crypto Super PAC Fairshake
Ripple’s new contribution to Fairshake is on top of another $25 million donation to the pro-crypto PAC in 2023.

Consensus 2024 Week: The House Passed a Market Structure Bill
The House of Representatives passed a crypto market structure bill in an interesting first for the legislature.
