Nik De

Terraform Labs founder Do Kwon is set to be released from Montenegro jail on supervised bail as his trial on document forgery charges continues, a court notice from Friday shows. CoinDesk's Managing Editor for Global Policy and Regulation, Nikhilesh De, breaks down the latest developments.

May 12, 2023

The U.S. Internal Revenue Service (IRS) has filed claims worth nearly $44 billion against the estate of Sam Bankman-Fried's bankrupt crypto exchange FTX and its affiliated entities. The largest claims include a $20.4 billion and a $7.9 billion claim against Alameda Research LLC and two claims totaling $9.5 billion against Alameda Research Holdings Inc. CoinDesk's Managing Editor for Global Policy and Regulation Nikhilesh De shares the latest developments.

May 11, 2023

House Financial Services Committee chairman Patrick McHenry (R-NC), along with the House Committee on Agriculture chairman Glenn "GT" Thompson (R-PA), are holding a joint subcommittee hearing that aims to measure the "regulatory gaps in the digital asset markets." CoinDesk's Global Policy and Regulation Managing Editor Nikhilesh De discusses what to expect from the hearing and the timeline for drafting crypto legislation.

May 10, 2023

Crypto exchange Bittrex has filed for bankruptcy in the U.S. state of Delaware, months after announcing it would wind down operations in the country and weeks after being sued by the Securities and Exchange Commission (SEC). CoinDesk's Global Policy and Regulation Managing Editor Nikhilesh De breaks down the latest developments.

May 9, 2023

Bloomberg reports that the U.S. Department of Justice's national security division is conducting an inquiry into whether Binance allowed Russian customers to access the exchange in violation of U.S. sanctions related to Russia's invasion of Ukraine. Spokespeople for Binance and the Justice Department did not immediately return CoinDesk's requests for comment. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De shares the latest developments.

May 8, 2023

The New York Department of Financial Services would have stronger authority to regulate digital assets, with exchanges having to reimburse customers if they’re the victims of fraud, under a bill proposed by Attorney General Letitia James on Friday, according to reports in the Wall Street Journal and Bloomberg. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De weighs in on what this proposal means for the future of crypto regulation.

May 5, 2023

Fraud claims against Alex Mashinsky are ‘baseless,’ and based on online misinformation, the Celsius co-founder and former CEO said in response to a lawsuit brought by New York State. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the latest in crypto regulation.

May 3, 2023

Yahoo News is reporting that the Biden Administration is pushing for a 30% climate change tax on cryptocurrency mining. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses what it would take to incorporate the proposal.

May 2, 2023

Poloniex LLC, a U.S. entity previously affiliated with the Poloniex crypto exchange, will remit $7.59 million to settle sanctions violation allegations with the U.S. Treasury Department's Office of Foreign Asset Control (OFAC), the sanctions watchdog said Monday. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the latest in crypto regulation. 

May 2, 2023

Paul Grewal, chief legal officer at Coinbase, discusses at Consensus 2023 why the exchange is prepared to go to court if the SEC doesn't provide the regulatory clarity it seeks. "If we have to go to court to get that clarity, it's unfortunate ... but Coinbase is prepared to put the resources and time and energy into that," he said.

May 1, 2023