
Latest from Nikhilesh De
U.S. Treasury Department Starts Work on GENIUS, Gathering Views on Illicit Activity
The new stablecoin law called for the Treasury engagement on detecting illicit crypto activity, so the department is opening a comment period.

State of Crypto: Do Kwon Pleads Guilty
A few years after telling Terra/Luna investors that their funds were safe, Kwon admitted to misleading them.

Gemini Hires Goldmans, Citi, Morgan Stanley and Cantor as Lead Bookrunners for Its IPO
The company said its net revenue for the first six months of 2025 was $67.9 million, against a net loss of $282.5 million.

U.S. Fed Officially Scraps Specialist Group Meant to Oversee Crypto Issues
The Federal Reserve has shuttered the Novel Activities Supervision Program it built in 2023 that was — in part — meant to focus on banks' crypto activity.

Trump's SEC Chair Says Agency Is 'Mobilizing' to Update Custody, Other Guidance
SEC Chair Paul Atkins appeared on "Mornings With Maria" to discuss his recently announced "Project Crypto.

Wall Street Joins Consumer Advocates to Call for Edit to GENIUS Act on Stablecoins
U.S. bankers are pushing hard for revisions of the new stablecoin law even before regulators have begun the first steps of writing the rules.

U.S. Blacklists Crypto Network Behind Ruble-Backed Stablecoin and Shuttered Exchange Garantex
U.S. officials accused Garantex, Grinex, A7A5 token issuers and executives of laundering ransomware proceeds and evading sanctions.

Ethereum Wallet MetaMask Will Likely Unveil Its Own Stablecoin this Week
The MetaMask stablecoin (mUSD) was already reported to be in the works thanks to a prematurely posted governance proposal that was quickly deleted last week.

Institutional Frenzy Pushes Ethereum DEX Volumes Above Solana
Ethereum-based decentralized exchanges have overtaken Solana in trading volume for the first time since April, buoyed by record spot ETF inflows and a surge in institutional demand.

A16z, DeFi Group Pitch U.S. SEC on Safe Harbor for DeFi Apps
The crypto investment firm and the DeFi Education Fund have proposed an approach to exempting broker registration for tech offering gateways to DeFi activity.
