Nikhilesh De | CoinDesk Author | Page 2

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.

Recent

U.S. President Joe Biden (Chip Somodevilla/Getty Images)

Policy

Silicon valley bank

President Biden Calls for Stronger Bank Regulations in Wake of SVB, Signature Bank Collapses

The government on Sunday evening stepped in to guarantee no losses will be borne by the lenders' depositors.

U.S. President Joe Biden (Chip Somodevilla/Getty Images)

By Nikhilesh De

Mar 13, 2023 at 3:18 p.m. UTC

Mar 13, 2023

Silicon valley bankSignature BankbidenUSCongressbankingNew YorkRegulation

Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)

Finance

USDC Stablecoin Regains Dollar Peg After Silicon Valley Bank-Induced Chaos

The stablecoin fell below $1 in value on Friday after it emerged that some portion of issuer Circle’s funds were at the failed Silicon Valley Bank.

Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)

By Nikhilesh De

Mar 13, 2023 at 2:09 p.m. UTC

Mar 13, 2023

USDCCircleStablecoinsSilicon valley bankbankingUSRegulation

Policy

Crypto-Friendly Signature Bank Shut Down by State Regulators

Signature said it intended to limit its crypto exposure last year.

By Nikhilesh De

Mar 12, 2023 at 10:25 p.m. UTC

Mar 12, 2023

RegulationsSignature BankNew Yorkbanking

Rep. Maxine Waters (Alex Wong/Getty Images)

Policy

U.S. Lawmakers Met With Fed, FDIC to Discuss Collapse of Silicon Valley Bank: Source

Rep. Maxine Waters convened meetings with federal bank regulators in the wake of the bank's collapse.

Rep. Maxine Waters (Alex Wong/Getty Images)

By Nikhilesh De

Mar 11, 2023 at 6:17 a.m. UTC

Mar 11, 2023

RegulationsSilicon valley bankSvb financialMaxine WatersExclusiveUSbanking

Silicon Valley Bank Sign (Provided)

Policy

Silicon Valley Bank Shuttered by State Regulators

The startup-focused bank had a number of crypto clients.

Silicon Valley Bank Sign (Provided)

By Nikhilesh De Danny Nelson

Mar 10, 2023 at 4:50 p.m. UTC

Mar 10, 2023

RegulationsSilicon valley bankSilvergate Bank

U.S. President Joe Biden (Chip Somodevilla/Getty Images)

Policy

U.S. Treasury Department Proposes 30% Excise Tax on Crypto Mining Firms

President Joe Biden unveiled his 2023 budget proposal on Thursday.

U.S. President Joe Biden (Chip Somodevilla/Getty Images)

By Nikhilesh De

Mar 9, 2023 at 11:02 p.m. UTC

Mar 9, 2023

RegulationsU.S. Treasury DepartmentJoe BidenMiningtaxes

New York Attorney General Letitia James (Alex Kent/Getty Images)

Policy

New York Attorney General Alleges Ether Is a Security in KuCoin Lawsuit

A press release said the lawsuit was part of ongoing "efforts to crack down on unregistered cryptocurrency platforms."

New York Attorney General Letitia James (Alex Kent/Getty Images)

By Nikhilesh De Nelson Wang Cheyenne Ligon

Mar 9, 2023 at 8:40 p.m. UTC

Mar 9, 2023

RegulationsKuCoinNYAGEtherEthereumSecurities

U.S. President Joe Biden (Chip Somodevilla/Getty Images)

Policy

Biden Budget Plan Would Close Crypto Tax Loss Harvesting Loophole

The U.S. President is expected to unveil his budget proposal on Thursday.

U.S. President Joe Biden (Chip Somodevilla/Getty Images)

By Nikhilesh De

Mar 9, 2023 at 5:26 a.m. UTC

Mar 9, 2023

RegulationsJoe BidentaxesCongressU.S. Treasury Department

Silvergate Bank (CoinDesk)

Policy

Crypto Bank Silvergate Announces 'Voluntary Liquidation'

The bank revealed last Wednesday it would have to delay filing its annual 10-K report due to questions from its auditors.

Silvergate Bank (CoinDesk)

By Nikhilesh De

Mar 9, 2023 at 4:21 a.m. UTC

Mar 9, 2023

RegulationsSilvergate BankFDICFederal ReserveUSliquidation

Reflections in the Wet Sidewalk of Modern Office Skyscrapers in The City of London

Policy

Silvergate's Collapse May Spell Regulatory Trouble for Crypto

Silvergate’s woes are an ill omen for the broader crypto industry.

Reflections in the Wet Sidewalk of Modern Office Skyscrapers in The City of London

By Nikhilesh De

Mar 7, 2023 at 11:52 p.m. UTC

Mar 7, 2023

RegulationsNewslettersState of CryptoSilvergateGrayscaleSECFDIC