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

Senators pitch more than 75 amendments for crypto bill, including on yield, DeFi sections

A list of amendments — some of them far afield — is circulating for the planned markup hearing of the crypto market structure bill.

U.S. Capitol Building (Jesse Hamilton/CoinDesk)

Policy

Senate Agriculture Committee reschedules its own crypto bill hearing to Jan. 27

The Senate Agriculture Committee said Tuesday its postponed crypto market structure bill would drop on Jan. 21 and be debated six days later.

Sen. John Boozman (Win McNamee/Getty Images)

Finance

Strive tumbles 12% as reverse stock split stumps investors despite Semler acquisition

Upon completion, the combined firm would hold nearly 13,000 BTC, surpassing the holdings of Tesla and Trump Media & Technology Group.

Bitcoin (modified by CoinDesk)

Policy

Senate's Warren: WLFI-tied bank application should be halted until Trump divests

Government-ethics questions still hang over the U.S. Senate's plans to vote on the crypto market structure bill, and Warren is raising a related argument.

Senator Elizabeth Warren (Jesse Hamilton/CoinDesk)

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News Analysis

How a battle with bankers tarnished crypto's market structure bill near the finish line

The crypto industry contends that Wall Street giants stood behind community banks to undercut digital competitors before they could get a major legislative win.

Coinbase CEO Brian Armstrong at the White House

Policy

JPMorgan CFO calls stablecoin yield payout 'obviously dangerous and undesirable'

JPMorgan's Jeremy Barnum said the bank would compete with crypto offerings but warned that stablecoin yield products look like banks without the same regulation.

JPMorgan building (Shutterstock)

Finance

Franklin Templeton turns money market fund into stablecoin reserve vehicle

The LUIXX fund has been modified to hold short-term US Treasuries and meet stablecoin reserve standards. The DIGXX fund now offers an onchain share class.

Seed Funding Investment coins in a jar (Towfiqu barbhuiya/Unsplash/Modified by CoinDesk)

Finance

Polygon Labs pushes deeper into stablecoin payments with $250 million deal

The move comes as crypto projects increasingly position themselves as offering payment platforms that resemble traditional digital banks, but operate on blockchain rails.

Polygon Labs CEO Marc Boiron (Polygon Labs)

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Policy

Senate files again for major crypto bill with stablecoin-rewards compromise, DeFi protections

A new draft of the Senate's legislation shows the bill has a compromise on stablecoin rewards and some protections for decentralized finance.

Senators Cynthia Lummis and Tim Scott, and White House crypto adviser Bo Hines (Jesse Hamilton/CoinDesk)

Policy

Federal judge temporarily halts Tennessee's bid to shut down Kalshi sports contracts

A new ruling freezes a state cease-and-desist order while the court considers whether Kalshi’s CFTC-regulated platform is shielded from state gambling laws.

Kalshi website on a laptop.