Latest from Nikhilesh De
UK sanctions Huobi and ruble stablecoin issuer in crackdown on Russia crypto networks
Britain applied banking-style sanctions to crypto exchanges for the first time, requiring U.K. financial firms to freeze funds and trace transactions.
Crypto and the Fed: State of Crypto
This past week saw incremental, but potentially important steps.
Clarity Act could spark a boom in crypto ‘yield-as-a-service’
The bill’s restrictions on yield-bearing crypto products may push the industry away from passive "hold-to-earn" models and toward AI-driven, compliant yield infrastructure, according to STBL Chief Commercial Officer Joe Vollono.
SEC Commissioner Peirce counters views that crypto rule will foster synthetic tokens
Hester Peirce, the commissioner behind the SEC's Crypto Task Force, made statements on the now-delayed proposal, perhaps tamping down mistaken beliefs.
U.S. CFTC secures deal with National Hockey League on prediction market safeguards
A new arrangement has been set between the derivatives regulator and professional hockey, following on the heels of a similar baseball agreement.
Polymarket moves to list parlays while SEC seeks public input on prediction market ETFs
The "combinatorial outcome contracts" would resolve if every part of an underlying contract resolved, according to a filing.
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.
