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

U.S. Digital Assets Tax Policy Getting Hearing During 'Crypto Week'

The House Ways and Means Committee is set on July 16 to examine how to set up proper taxation for the crypto sector.

(Jesse Hamilton/CoinDesk)

Markets

Bitcoin Tops $111K, on Brink of Breaking Record High; Ether's 6% Jump Leads Major Cryptos

The price of BTC has seemingly been capped at $110,000 for several weeks, with gains quickly reversing each time it approached that level.

Bitcoin

Finance

Greece Makes First Crypto Seizure Tied to North Korea's $1.5B Bybit Hack

The Hellenic Anti-Money Laundering Authority issued a freezing order, locking the assets and preventing them from being transferred.

Bybit lost roughly $1.5 billion in crypto to a theft Friday. (appshunter.io/Unsplash)

Finance

Monad Acquires Portal Labs to Expand Stablecoin Payments on High-Speed Blockchain

Raj Parekh, Portal co-founder and a former Visa crypto director, will lead Monad’s stablecoin strategy following the acquisition.

U.S. dollar (Unsplash, modified by CoinDesk)

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Finance

Circle Has USDC Revenue Sharing Deal With Second-Largest Crypto Exchange ByBit: Sources

Assume any exchange that has some material amount of USDC has an agreement with Circle, said one person familiar with the situation.

(Sandali Handagama/ CoinDesk)

Policy

Crypto Industry Pitches Market Structure Ideas to U.S. Senators in Hearing

In the runup to 'Crypto Week' in the House next week, a Senate Banking Committee hearing dug into policy ideas as Senator Warren flagged Trump "corruption."

Ripple CEO Brad Garlinghouse prepares to testify in the Senate (Jesse Hamilton/CoinDesk)

Tech

Status Unveils Gasless Layer 2 Feature on Linea, Ditches Sequencer Fees Entirely

The network, currently in testnet, will operate differently compared to conventional rollups that depend on sequencer fees, the team said.

Projects competing to become the dominant "layer 2" network atop Ethereum are now competing to become networks of networks. (Unsplash)

News Analysis

U.S. House Ditching Its Stablecoin Bill to Back Trump's Choice From Senate

Heading into next week's "Crypto Week" on Capitol Hill, the House of Representatives is lining up a few votes as it puts its major focus on the Stability Act.

Rep. French Hill (Nikhilesh De/CoinDesk)

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Policy

OFAC’s Dropped Sanctions Against Tornado Cash Can’t Come Up at Trial, Judge Says

Barring what she described as a “unicorn” piece of evidence that would force the discussion of the now-illegal sanctions, District Judge Katherine Polk Failla said no to sanctions talk at trial.

CoinDesk

Policy

Tornado Cash Judge Will Not Permit Van Loon Verdict to Be Discussed During Upcoming Trial

“The words ‘Van Loon’ are not going to show up in this trial,” District Katherine Polk Failla said during a Tuesday hearing in Manhattan.

Tornado Cash's Roman Storm, second from left, and his legal team – Brian Klein (left), Keri Axel and Kevin Casey – outside court in New York. (Nikhilesh De/CoinDesk)