Latest from Nikhilesh De
Federal Reserve proposes limited master accounts long pursued by crypto firms
The U.S. Fed issued a revised proposal on the structure of payment accounts, taking the next step to build on an earlier pitch for so-called skinny accounts.
Elon Musk's SpaceX held 18,712 bitcoin at fair value of $1.29 billion at end of Q1, IPO filing shows
The rocket and satellite company is looking to go public at a valuation of more than $1.5 trillion.
Latest Congressional swing at crypto tax reform would direct IRS to review de minimis exemptions
The newest version of the Parity Act updates language around payment stablecoins and directs the IRS to report on how a de minimis exemption might work.
Prediction markets firms take heat in Senate Commerce hearing scrutinizing surge
Sports betting on firms such as Kalshi was the focus of questions over advertising to children, cheating from athletes and undermining regulated gaming.
Crypto campaign cash from Fairshake flooded Southern primaries, picked winners
The leading industry super PAC claimed a "6-0 sweep" in the primaries in Kentucky, Alabama and Georgia, though one big race awaits a runoff.
Trump orders government, Fed to review crypto firms' access to payment rails
Donald Trump's executive order asks the Fed to review how depository institutions may be granted access to payment services, an area the crypto industry is deeply involved with.
The SEC wants to let newly public companies raise cash instantly in its biggest rule change in decades
The agency is proposing its largest overhaul of public listing rules in over 20 years, cutting compliance costs and giving crypto firms a much easier path to raise cash on Wall Street.
Senator Elizabeth Warren accuses U.S. regulator of approving unqualified crypto banks
The Senate Banking Committee's top Democrat sent a letter to the Office of the Comptroller of the Currency questioning the charters of nine crypto firms.
Amid the Clarity Act fanfare is some worry over how a last-minute deal may punch DeFi
The crypto market structure bill saw a high-stakes, 11th-hour gambit to get Democrats on board for a bipartisan committee vote, but it might carry a cost.
Minnesotan banks and credit unions set to provide crypto custody Aug. 1
Minnesota established the midwest’s first unified digital asset safety net for banks and credit unions.
