Nikhilesh De

Nikhilesh De is CoinDesk's managing editor for global policy and regulation, covering regulators, lawmakers and institutions. He owns < $50 in BTC and < $20 in ETH. He won a Gerald Loeb award in the beat reporting category as part of CoinDesk's blockbuster FTX coverage in 2023, and was named the Association of Cryptocurrency Journalists and Researchers' Journalist of the Year in 2020.

Nikhilesh De

Latest from Nikhilesh De


Policy

Crypto Clarity Act in spotlight for bad-actor provisions as Senate process grinds forward

The industry has been trying to make a case this week the Clarity Act provides law enforcement strong tools to combat illicit finance involving cryptocurrency.

U.S. Senator Cynthia Lummis (Jesse Hamilton/CoinDesk)

Policy

OCC chief says Democrats applying sole political pressure in World Liberty charter choice

The regulator rejected claims he's doing President Trump's bidding during a congressional hearing that also addressed the GENIUS Act stablecoin push.

Jonathan Gould (Nikhilesh De/CoinDesk)

Tech

Not all Ethereum layer 2s are dying, but many general-purpose chains no longer have a reason to exist

In this week's edition of The Protocol Newsletter, we're looking at the state of the Ethereum layer-2 ecosystem.

Abstract blockchain networks illustration with glowing cubes representing digital assets

Finance

Moomoo expands into prediction markets through Kalshi partnership

Retail trading platform moomoo has partnered with Kalshi to offer CFTC-regulated event contracts tied to economic data, elections and major sporting events directly within its app.

Trading screen. (Yashowardhan Singh/Unsplash)

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Markets

SpaceX targets record $75 billion IPO as bitcoin treasury and liquidity risks draw focus

SpaceX's proposed $75 billion IPO would rank among the largest ever, while its $1.29 billion bitcoin holding and the broader wave of megacap listings could reshape capital flows across crypto and technology markets.

CoinDesk

Finance

Tom Lee's Bitmine borrows a page from Saylor's playbook to offer 9.5% yield in preferred stocks

The largest Ethereum treasury firm is taking a page from Michael Saylor's Strategy to issue preferred shares to tap new sources of funding.

Tom Lee, chairman of Bitmine and cofounder of Fundstrat, speaking at Consensus 2026 in Miami (CoinDesk)

Policy

New DeFi entrant widens field of crypto political campaign funds as elections loom

The Defend Developers PAC is aiming to contribute to lawmakers who seek to shield crypto developers from legal vulnerabilities.

political action committees (PACs) (illustration by Jesse Hamilton/CoinDesk)

News Analysis

Clarity Act survival depends on the U.S. Senate getting a lot of non-crypto work done

The dwindling congressional calendar may spur a legislative competition for the crypto market structure bill to win Senate floor time against other priorities.

Congress

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Markets

Grayscale launches lowest-fee U.S. Hyperliquid ETF as competition heats up around HYPE

The Nasdaq-listed fund charges a 0.29% sponsor fee, undercutting rival Hyperliquid ETFs from 21Shares and Bitwise.

Krista Lynch Grayscale

Policy

Banks' survey says people don't want to rock the boat if stablecoin yield risks lending

The American Bankers Association, which lobbies against the crypto sector over the Clarity Act's stablecoin section, unveiled its new polling.

banks in London (Peter Macdiarmid/Getty Images)