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Nikhilesh De

Nikhilesh De

Nikhilesh De is CoinDesk's managing editor for global policy and regulation, covering regulators, lawmakers and institutions. When he's not reporting on digital assets and policy, he can be found admiring Amtrak or building LEGO trains. He owns < $50 in BTC and < $20 in ETH. He was named the Association of Cryptocurrency Journalists and Researchers' Journalist of the Year in 2020.

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Markets
Circle
SEC Chair Hints Some Stablecoins Are Securities
Stock tokens and stablecoins backed by securities might be treated as securities under U.S. law, SEC Chair Gary Gensler said.
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By Nikhilesh De
Jul 21, 2021 at 4:17 p.m. UTC
Jul 21, 2021
CircleTetherRegulationsStablecoinsGary GenslerUSDTUSDC
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Finance
Circle
Circle Reveals Assets Backing USDC Stablecoin
Crypto's No. 2 stablecoin is backed mostly – 61% – by cash and cash equivalents. Here's what comprises the rest.
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By Nikhilesh De
Jul 20, 2021 at 1:41 p.m. UTC
Jul 20, 2021
CircleStablecoinsUSDCCENTRE Consortium
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Policy
Janet yellen
State of Crypto: Stablecoin Rules Are Coming
Regulatory authorities are talking about stablecoins more and more, but it remains to be seen what they’ll actually implement.
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By Nikhilesh De
Jul 20, 2021 at 1:30 p.m. UTC
Jul 20, 2021
Janet YellenJoe BidenRegulationsStablecoinsNewslettersState of Crypto
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Markets
Mastercard
Mastercard to Test USDC for Payments as Stablecoin Scrutiny Intensifies
Mastercard will use the USDC stablecoin as a bridge asset for cardholders who want to pay for goods using cryptocurrencies.
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By Nikhilesh DeMarc Hochstein
Jul 20, 2021 at 11:00 a.m. UTC
Jul 20, 2021
MastercardCirclePaxosUSDC
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Markets
Treasury department
Presidential Advisory Group Promises Stablecoin Recommendations
The Treasury Department didn't lay out a timeline for when it will publish its recommendations on stablecoin regulation.
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By Nikhilesh De
Jul 19, 2021 at 8:44 p.m. UTC
Jul 19, 2021
Treasury DepartmentJanet YellenRegulationsStablecoins
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Markets
Ransomware
Biden Accuses Chinese State Actors of Ransomware, Cryptojacking Attacks
"Hackers with a history of working for the PRC Ministry of State Security (MSS) have engaged in ransomware attacks, cyber enabled extortion, crypto-jacking, and rank theft fro...
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By Nikhilesh De
Jul 19, 2021 at 1:11 p.m. UTC
Jul 19, 2021
RansomwareJoe BidenWhite HouseCryptojackingMinistry of State Security
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Policy
Treasury department
US Presidential Advisory Group to Discuss Stablecoins
Federal Reserve Chairman Jerome Powell, Securities and Exchange Commission Chair Gary Gensler and Commodity Futures Trading Commission Acting Chair Rostin Behnam will also par...
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By Nikhilesh De
Jul 16, 2021 at 4:40 p.m. UTC
Jul 16, 2021
Treasury DepartmentJanet YellenRegulationsStablecoins
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Markets
Congress
Bipartisan US Bill Would Define Digital Assets, Emerging Technologies
The reintroduced bill has a Democrat co-sponsor this time, which might help its passage through the House.
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By Nikhilesh De
Jul 15, 2021 at 4:26 p.m. UTC
Jul 15, 2021
CongressDigital AssetsRegulationLegislationTom Emmer
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Markets
Ransomware
White House Plans Ransomware Task Force: Report
The task force that will examine ways of limiting cryptocurrency payments in ransomware attacks.
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By Nikhilesh De
Jul 15, 2021 at 2:15 a.m. UTC
Jul 15, 2021
RansomwareWhite HouseAnne NeubergerSenate Judiciary Committee
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Markets
Securities and exchange commission
SEC Further Delays WisdomTree Bitcoin ETF Decision
The SEC instituted proceedings on whether to approve the WisdomTree bitcoin ETF application, effectively delaying any firm decision by a few months.
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By Nikhilesh De
Jul 14, 2021 at 5:09 p.m. UTC
Jul 14, 2021
Securities and Exchange CommissionETFsBitcoin ETFsWisdomTree