US lawmaker introduces bill to fight illicit activity in decentralized finance | MLex
( July 15, 2025, 21:50 GMT | Official Statement) — MLex Summary: US Representative Sean Casten of Illinois introduced the Compliant Operations of Decentralized Entities (CODE) Act of 2025, legislation aimed at combating illicit activity and address cybersecurity concerns associated with decentralized finance (DeFi). The CODE Act would create a public-private partnership with the US Treasury Department, key federal agencies, DeFi services and risk management experts to explore integrating anti-money laundering, sanctions, Know-Your-Customer and cybersecurity checks into the computer code that underpins DeFi services.Statement follows below. Document attached….
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