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


Tech

Vitalik Buterin says Ethereum Foundation will cut budget 40% in major reset

The reduction comes on the same day the EF confirmed a 20% reduction in headcount and follows the resignation of co-Executive Director Hsiao-Wei Wang. Her departure brings the total number of senior Ethereum Foundation figures to leave since January to nine, underscoring the scale of the organization's ongoing turmoil.

Vitalik Buterin speaking at ETHDenver in February 2022

News Analysis

In Clarity Act's final weeks, its path through U.S. Senate not getting much clearer

Tough negotiations linger in several difficult arenas, but crypto's Washington lobbyists are flying in allies this week and still hoping for a July vote.

U.S. Congress (Jesse Hamilton/CoinDesk)

Markets

Live updates: Saylor's Strategy sinks to new 52-week low as bitcoin drops to $62,000

Crypto prices are again on the defensive amid a global stock rout set off by a 10% plunge in South Korea's Kospi.

pen rests on paper showing sketched graph going lower.

Policy

Crypto's second U.S. lobbying front — tax policy — sees industry push on mining, staking

The crypto sector's leading U.S. advocacy groups asked the U.S. House's tax committee to advance a bill to clarify treatment of assets from mining and staking.

Representative Mike Carey, an Ohio Republican (The Washington Post)

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Policy

Are perps swaps? A quick look at that CME suit: State of Crypto

CME Group sued the CFTC on Thursday, alleging that the agency was wrong in how it approved Kalshi's first U.S. perpetual futures product.

CoinDesk

Tech

AI is making crypto security cheaper, faster and harder to ignore

As AI-powered security tools become cheaper, faster and more widely available, researchers said they could reshape what the crypto industry considers reasonable due diligence before deploying code, potentially altering expectations for developers and institutions.

Hacker facing screens with lines of code (Boitumelo/Unsplash)

Markets

Schwab to join prediction markets race with S&P 500 event-based options: WSJ

The planned offering would let customers bet on index moves as Coinbase and Robinhood expand in the sector.

Charles Schwab building (Smith Collection/Gado/Getty Images)

Policy

Ex-Celsius CEO Mashinsky gets U.S. CFTC ban in final resolution with regulator

Alexander Mashinsky, the founder of failed crypto lender Celsius, had earlier been imprisoned for fraud and is now formally banned from CFTC registration.

Alex Mashinsky (CoinDesk)

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Policy

U.S. agencies seek stablecoin customer-ID rules akin to banks in new GENIUS Act pitch

The Federal Reserve, Treasury and other regulators have issued a proposed rule that would set identification standards, and it's now open for public comments.

U.S. Federal Reserve Board in Washington (Jesse Hamilton/CoinDesk)

Policy

CME chief executive says company plans to sue CFTC after perpetual futures approval

Kalshi's perpetual futures product did not meet the Dodd-Frank Act's definition of a "swap" and should not have been approved, Terrence Duffy said.

CoinDesk