Nik De, CoinDesk's managing editor for global policy and regulation, weighs in on the high-stakes trial of Sam Bankman-Fried, the founder of the now-bankrupt FTX. He discusses the significance of jury selection and how public perception may impact the process. Key strategies for the defense are examined, including the challenges of discrediting proposed witnesses. Nik also touches on the implications of Bankman-Fried's political donations and the potential prison time he faces if convicted, making for a gripping legal analysis.

Nik De, Managing Editor for Global Policy and Regulation at CoinDesk, shares his expertise on the evolving crypto regulatory landscape. He discusses SEC Chair Gary Gensler's shift in stance on stablecoins and DeFi, emphasizing rising tensions with Coinbase over its Lending product. Nik explores what it would take for crypto exchanges to comply with SEC regulations and the ongoing challenges in classifying stablecoins. He also sheds light on the implications of upcoming regulatory developments, especially as fiscal year-end approaches.