Latest from Nikhilesh De
Everyone wants SCOTUS to take up prediction markets: State of Crypto
The U.S. Supreme Court hasn't yet indicated whether it will take up cases surrounding prediction markets, but there are now several amicus briefs, an interim final rule and a rule proposal.
Clarity's failure could speed crypto innovation while shielding incumbents
Executives see openings for tokenization, DeFi and dealmaking, while lawyers warn agency action leaves spot-market oversight and lasting certainty unresolved.
U.S. CFTC moves to fold event contracts into swaps regulations as legal fight rages
The derivatives regulator is proposing a formal rule to include certain contracts traded on platforms like Kalshi's as swaps that require the agency's oversight.
Robinhood Chain considers technology that gives paying traders priority
Arbitrum recently replaced its Timeboost transaction-ordering system with a new model called Priority Gas Auctions.
New York AG secures up to $35 million and lifetime crypto ban from Celsius’ Alex Mashinsky
Alex Mashinsky, already serving 12 years for fraud, settled New York’s civil case over claims he misled Celsius customers about the failed crypto lender’s safety.
Top Democrat among Senate investigators probes ties between Cantor Fitzgerald, Tether
As Democrats steadily rise in their potential to take back a Senate majority, Senator Richard Blumenthal is digging into Tether's U.S. financial partnership.
NFL joins pushback against prediction markets as U.S. Supreme Court asked to act
In opposition to federal oversight of the prediction markets, the National Football League has sided with states, Gary Gensler and one of the authors of the relevant law.
Crypto's campaign arm, Fairshake, sets lists of U.S. House favorites it'll spend on
The super PAC shared a list of more than 30 incumbent candidates it's backing, with about a million dollars going to three names from each party.
U.S. CFTC joins SEC in proposing crypto regulations, though spot-market gap lingers
The derivatives regulator is proposing two rules meant to cover the waterfront of crypto activity and exchanges, as long as it's not simple, direct trading.
There's an election next month: State of Crypto
Congress is gone from Washington for the final pre-election recess, and it's time to take stock of what's going on ahead of November.
