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

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)

Policy

Congress' Budget Bill Advances From Senate Without Crypto Tax Provision

Hopes rose then quickly fell on a potential effort to slip a crypto tax provision into the legislation meant to activate Trump's core policy agenda.

U.S. Senate votes to approve budget bill (video capture, U.S. Senate)

Tech

Securitize, RedStone Pilot ‘Trusted Single Source Oracle’ to Secure Tokenized Fund NAVs

The teams have released a whitepaper that introduces a new model for securely verifying Net Asset Value (NAV) data on-chain for tokenized private funds.

Securitize CEO Carlos Domingo (Securitize)

Markets

Asia Morning Briefing: Are Distributed Compute Tokens Undervalued Vs CoreWeave?

Unlike GameFi’s inflated hype, Distributed Compute Tokens offer real utility serving AI, storage and GPU markets but remain modestly valued despite rising global demand.

Data center (Taylor Vick/Unsplash)

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Policy

Senator Seeks to Waive U.S. Taxes on Small-Scale Crypto Activity in Big Budget Bill

The effort from Senator Cynthia Lummis is one of several crypto tax provisions in an amendment aimed at reducing tax burdens in core areas of the industry.

Sen. Cynthia Lummis (Jesse Hamilton/CoinDesk)

Finance

Circle Applies for National Trust Bank Charter

A federal trust charter would bring Circle under direct federal bank regulator oversight, aligning it with how traditional financial institutions are overseen.

(Sandali Handagama/ CoinDesk)

Markets

First Solana ETF to Hit the Market This Week; SOL Price Jumps 5%

A spokesperson for Osprey confirmed that the fund would begin trading on Wednesday.

Solana's price action over the past

Policy

Supreme Court Declines to Take Up Coinbase User Data Privacy Case

A lower court’s decision to side with the Internal Revenue Service (IRS) in the long-running case is legally binding.

U.S. Supreme Court (Getty Images/Joe Daniel Price)

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Policy

Industry's PAC Keeps Seeking to Add Allies as Congress Hashes Out Crypto Legislation

Crypto political action committee Fairshake dropped another $1 million on a Virginia special-election candidate, likely heading toward another win.

Fairshake PAC influenced 2024 congressional elections

News Analysis

'Like Ordering McDonald's:' Malta's MiCA Fast-Track Draws Oversight Concerns

Some people think Malta is nimble and innovative when it comes to regulation. But others see a fast track to regulatory arbitrage.

Malta (Ludovica Dri/Unsplash)