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

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News Analysis

Why Doesn't the U.S. Have a Bitcoin Reserve, Yet?

The latest comments from government officials at the center of that effort suggest U.S. bitcoin advocates may still have a wait ahead of them.

Bo Hines, Executive Director of the President's Council of Advisers on Digital Assets of the White House

Finance

Swiss Bank AMINA Introduces Custody, Trading With Ripple’s RLUSD Stablecoin

The crypto-friendly financial services firm claims to be the first global bank to support Ripple's stablecoin.

View of Zug, Switzerland, from the lake, with mountains in background. (Louis Droege/Unsplash)

Markets

OpenAI Warns That Tokenized Equity Sale on Robinhood Is Unauthorized

"Any transfer of OpenAI equity requires our approval — we did not approve any transfer,” the company said in a statement.

OpenAI's Sam Altman, who has proposed Universal Basic Compute as a fix for automation-driven global equality. (Village Global/Flickr)

Policy

NY Bankruptcy Judge Gives Celsius the Green Light to Pursue $4.3B Lawsuit Against Tether

Celsius has accused Tether of improperly liquidating nearly 40,000 bitcoins in order to cover an outstanding loan while it was on the precipice of bankruptcy in 2022.

Paolo Ardoino (Tether)

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Policy

SEC Halts Grayscale Large Cap Fund Conversion for 'Review' a Day After Staff Approval

The SEC's commissioners are reviewing Grayscale's uplisting of a large cap fund, a letter from the agency said.

U.S. SEC headquarters in Washington (Jesse Hamilton/CoinDesk)

Policy

Ripple Applies for Federal Bank Trust Charter, XRP Jumps 3%

The application follows stablecoin issuer Circle's similar effort to expand crypto services and move into federal regulatory oversight.

Brad Garlinghouse, the CEO of Ripple Labs (Jesse Hamilton/CoinDesk)

Policy

DOJ’s $225M Seizure Puts Human Cost of Crypto Scams in Focus, Former Acting U.S. Attorney Says

In an interview with CoinDesk, Former Acting U.S. Attorney Phil Selden says the DOJ’s record-setting $225 million crypto seizure reflects a new approach to protecting fraud victims.

U.S. Attorney General William Barr

Policy

EU Central Bank Commits to Distributed Ledger Technology Settlement Work

"The decision is in line with the Eurosystem’s commitment to supporting innovation without compromising on safety and efficiency in financial market infrastructures," a release said.

 EU flag (Unsplash)

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Markets

SEC Approves Grayscale ETF That Includes BTC, ETH, SOL, XRP, ADA

The product will become the largest multi-token digital asset ETF in the world.

Grayscale ad (Grayscale)

Policy

GENIUS Act Lacks ‘Necessary Guardrails’ For Investor Protection, NYAG Letitia James Tells Congress

James suggested Congress require stablecoin issuers to use “digital identity technology” in all stablecoin purchases and transactions in order to protect national security.

New York Attorney General Letitia James (Michael M. Santiago/Getty Images)